ACX
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#ACX /USDT analysis-
ACX has given breakout on 26th November 2023 and after that it retraces back and made higher low on 13th December 2023 and it has increased almost 46.85% after taking the support.
If it gives breakout then we may see 46.85% move from the breakout level.
Entry- 0.1847
SL- below higher low level i.e. below the 0.12570
Target 1- 0.22578
Target 2- 0.28711
ACX has given breakout on 26th November 2023 and after that it retraces back and made higher low on 13th December 2023 and it has increased almost 46.85% after taking the support.
If it gives breakout then we may see 46.85% move from the breakout level.
Entry- 0.1847
SL- below higher low level i.e. below the 0.12570
Target 1- 0.22578
Target 2- 0.28711
Extensive Investigations and Restrictions for Former Blockchain Global Chief in Australia
Liang "Allan" Guo, who previously served as a key figure in the company Blockchain Global, faces significant legal restrictions in Australia. This situation is a direct consequence of his involvement in the collapse of the ACX exchange in 2021, which is now drawing the attention of the federal regulator ASIC.
Stringent Travel Restrictions Imposed on Guo
In response to concerns about potential flight from Australia during the ongoing investigation, the Australian Securities and Investments Commission (ASIC) has obtained interim measures from the Federal Court of Australia. These measures prohibit Liang "Allan" Guo, a Chinese citizen, from leaving the territory of Australia until August 20th and require him to surrender all passports. This raises questions about the mobility and freedom of movement of individuals under investigation on the international stage.
Detailed Look at the ACX Collapse and Guo's Financial Transactions
ASIC is examining in detail the period when Blockchain Global managed the cryptocurrency exchange ACX Exchange, from January 2016 to December 2019. Following its failure, liquidators were appointed to handle the exchange's liquidation. Guo is specifically accused of transferring $1.69 million from the ACX Exchange bank account for personal investment activities and further moving 21.11 bitcoins into his own private wallet. These actions cast doubt on the ethical standards of management within financial institutions.
Investigation Expands to Other Key Figures
In addition to Guo, ASIC is also focusing on other former directors of the company, namely Xue "Sam" Lee and Zijang "Ryan" Xu, for possible breaches of trade laws. This expanded investigation highlights the complex nature of the case, which involves multiple levels of leadership and operations within Blockchain Global.
Outlook on the Investigation and International Charges
The investigation, estimated to last approximately 12 months, is not limited solely to the Australian legal system. Sam Lee also faces charges in the USA from the SEC for involvement in the fraudulent scheme HyperFund. This case illustrates the globalized nature of financial crimes and calls for international cooperation in regulation and supervision.
Conclusion
The situation surrounding Liang "Allan" Guo and his former colleagues from Blockchain Global underscores the fragility of trust in financial technologies and cryptocurrencies. As a case study, it highlights the importance of transparency, regulation, and accountability within this rapidly evolving area. At the same time, it serves as a warning for individuals and organizations operating at the intersection of financial innovation and regulation.
#crypto #regulation #ACX
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Stringent Travel Restrictions Imposed on Guo
In response to concerns about potential flight from Australia during the ongoing investigation, the Australian Securities and Investments Commission (ASIC) has obtained interim measures from the Federal Court of Australia. These measures prohibit Liang "Allan" Guo, a Chinese citizen, from leaving the territory of Australia until August 20th and require him to surrender all passports. This raises questions about the mobility and freedom of movement of individuals under investigation on the international stage.
Detailed Look at the ACX Collapse and Guo's Financial Transactions
ASIC is examining in detail the period when Blockchain Global managed the cryptocurrency exchange ACX Exchange, from January 2016 to December 2019. Following its failure, liquidators were appointed to handle the exchange's liquidation. Guo is specifically accused of transferring $1.69 million from the ACX Exchange bank account for personal investment activities and further moving 21.11 bitcoins into his own private wallet. These actions cast doubt on the ethical standards of management within financial institutions.
Investigation Expands to Other Key Figures
In addition to Guo, ASIC is also focusing on other former directors of the company, namely Xue "Sam" Lee and Zijang "Ryan" Xu, for possible breaches of trade laws. This expanded investigation highlights the complex nature of the case, which involves multiple levels of leadership and operations within Blockchain Global.
Outlook on the Investigation and International Charges
The investigation, estimated to last approximately 12 months, is not limited solely to the Australian legal system. Sam Lee also faces charges in the USA from the SEC for involvement in the fraudulent scheme HyperFund. This case illustrates the globalized nature of financial crimes and calls for international cooperation in regulation and supervision.
Conclusion
The situation surrounding Liang "Allan" Guo and his former colleagues from Blockchain Global underscores the fragility of trust in financial technologies and cryptocurrencies. As a case study, it highlights the importance of transparency, regulation, and accountability within this rapidly evolving area. At the same time, it serves as a warning for individuals and organizations operating at the intersection of financial innovation and regulation.
#crypto #regulation #ACX
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
$ACX has recently displayed bullish signs, establishing a strong support level around $0.30. This positive development suggests clear skies ahead, with a potential price target of $0.52 if Bitcoin stays green along with it.
In the past, we've noted 310% profit.
#ACX
In the past, we've noted 310% profit.
#ACX
Coinbase adds Zetachain and Across Protocol to listing roadmap
#Coinbase has announced plans to add Zetachain #ZETA and Across Protocol #ACX to its listing roadmap, aiming to enhance its platform with these new assets. #Zetachain focuses on improving blockchain interoperability, while #AcrossProtocol offers efficient cross-chain transactions through Optimistic Rollups. This move comes as the crypto market recovers from recent lows, with #Bitcoin surpassing $60,000. Coinbase's decision reflects its ongoing strategy to incorporate promising digital assets into its offerings.
#Coinbase has announced plans to add Zetachain #ZETA and Across Protocol #ACX to its listing roadmap, aiming to enhance its platform with these new assets. #Zetachain focuses on improving blockchain interoperability, while #AcrossProtocol offers efficient cross-chain transactions through Optimistic Rollups. This move comes as the crypto market recovers from recent lows, with #Bitcoin surpassing $60,000. Coinbase's decision reflects its ongoing strategy to incorporate promising digital assets into its offerings.
Cross-Chain Bridges: New Opportunities in Crypto
Cross-chain bridges are now crucial technology in crypto, and there are lots of them out there. Also, using them before their token launch might be a good way to qualify for their airdrop.
There are $RUNE , #CLER , #ACX , and more. We now have a new one called Debridge ($DBR) with the pre-market currently on Bitget.
What's your opinion on Bridge Governance tokens?
There are $RUNE , #CLER , #ACX , and more. We now have a new one called Debridge ($DBR) with the pre-market currently on Bitget.
What's your opinion on Bridge Governance tokens?
**$ACX: Riding the Upward Wave with Promising Potential**
$ACX is currently riding a strong upward wave, establishing solid support at $0.23. As trading volume continues to increase, market analysts are setting a target of $0.72 on the horizon, indicating significant growth potential for this cryptocurrency.
The excitement surrounding $ACX is further amplified by its correlation with $QNT , which is expected to provide a boost. The anticipated momentum from $QNT could unlock new opportunities for $ACX, attracting more investors and traders looking to capitalize on the upward trend.
Historically, $ACX has demonstrated impressive gains, with a notable 310% increase in the past, showcasing its potential for substantial price appreciation. This past performance, combined with current technical indicators, suggests that the upward momentum may continue as more traders recognize the potential of $ACX.
As investors keep a close eye on market developments and sentiment, the next few weeks will be crucial for $ACX. If the target of $0.72 is reached, it could set the stage for further gains, positioning $ACX as a key player in the competitive crypto market
- #ACX
- #CryptoAnalysis
- #TradingVolume
- #PriceTarget
- #QNT
$QNT
$ACX is currently riding a strong upward wave, establishing solid support at $0.23. As trading volume continues to increase, market analysts are setting a target of $0.72 on the horizon, indicating significant growth potential for this cryptocurrency.
The excitement surrounding $ACX is further amplified by its correlation with $QNT , which is expected to provide a boost. The anticipated momentum from $QNT could unlock new opportunities for $ACX, attracting more investors and traders looking to capitalize on the upward trend.
Historically, $ACX has demonstrated impressive gains, with a notable 310% increase in the past, showcasing its potential for substantial price appreciation. This past performance, combined with current technical indicators, suggests that the upward momentum may continue as more traders recognize the potential of $ACX.
As investors keep a close eye on market developments and sentiment, the next few weeks will be crucial for $ACX. If the target of $0.72 is reached, it could set the stage for further gains, positioning $ACX as a key player in the competitive crypto market
- #ACX
- #CryptoAnalysis
- #TradingVolume
- #PriceTarget
- #QNT
$QNT