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Neva Fomo
by admin
2y ago
Welcome to WordPress. This is your first post. Edit or delete it, then start writing ..read more
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DOJ to Sell $56M in Crypto Proceeds From BitConnect Fraud Scam
Neva Fomo
by James Rubin
2y ago
A U.S. federal decide is permitting the U.S. Department of Justice (DOJ) to liquidate roughly $56 million in proceeds seized from Glenn Arcaro, the lead promoter of BitConnect, a crypto lending program that defrauded hundreds of buyers out of an estimated $2 billion ..read more
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Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends
Neva Fomo
by Omkar Godbole
2y ago
It could also be an indication that bitcoin is but to discover a backside. “Just take a look at the earlier spikes within the purchase the dip calls and also you’ll discover that they’ve typically come early (like again in April and May, respectively) and are usually accompanied by one other leg down earlier than the group is lastly confirmed proper,” Santiment mentioned in its market replace on Wednesday ..read more
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LA’s Iconic Staples Center to Be Renamed to Crypto.com Arena
Neva Fomo
by Eliza Gkritsi
2y ago
The Staples Center area in Los Angeles might be renamed to Crypto.com Arena on Christmas day, in accordance to a press launch . The Singapore-based crypto alternate purchased the naming rights from AEG for 20 years, for $700 million, the L.A. Times reported, citing sources aware of the matter.The $700 million determine makes it one of many largest naming offers in sports activities historical past, in accordance to the newspaper.The multi-purpose area will reveal the brand new branding on Dec. 25, when the Los Angeles Lakers host the Brooklyn Nets. All Staples Center exterior indicators might ..read more
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Bitcoin Stabilizes Near $60K Support; Faces Resistance at $63K-65K
Neva Fomo
by Damanick Dantes
2y ago
Bitcoin (BTC) is down about 5% over the previous 24 hours after sellers grew to become extra energetic than patrons across the $65,000 resistance stage. The cryptocurrency is stabilizing round $60,000 help and seems to be oversold on intraday charts. For now, short-term indicators counsel restricted draw back into Asian buying and selling hours. For instance, the relative energy index (RSI) on the four-hour chart is essentially the most oversold since Oct. 27, which preceded a close to 10% value bounce. Still, the RSI on the day by day chart is impartial as upside momentum continues to wane. T ..read more
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India to Ban Crypto As Payment Method, But Regulate As Asset: Report
Neva Fomo
by Eliza Gkritsi
2y ago
“The trickiest half is defining the asset class,” she stated, including that present discussions to regulate crypto as a commodity usually are not a superb match. But different RBI considerations are tougher to clear up, equivalent to monetary stability, capital controls, and change price danger, Ratna famous ..read more
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Kleiman v. Wright Trial: Craig Wright’s Flinty 4-Day Testimony Comes to an End
Neva Fomo
by Cheyenne Ligon, Deirdra Funcheon
2y ago
MIAMI — On Monday, Craig Wright, sporting a cream-colored swimsuit and purple tie, concluded his fourth day of testimony within the civil swimsuit launched towards him by the property of his former greatest buddy and alleged enterprise accomplice, David Kleiman. Ira Kleiman, David’s brother, and the attorneys representing the property posit that David and Wright labored collectively to “invent” Bitcoin and mine a hoard of over 1.1 million cash, price over $60 billion right now. They additionally accuse Wright of stealing David’s share of the mental property rights and earnings via a collection ..read more
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One Fourth of Fund Managers Expect Bitcoin Price Over $75k in 12 Months: BofA Survey
Neva Fomo
by Eliza Gkritsi, Will Canny
2y ago
One-quarter of surveyed international fund managers anticipate the value of bitcoin to surpass $75,000 in 12 months, based on a Bank of America survey of international fund managers seen by CoinDesk. 1 / 4 of fund managers anticipate the value of bitcoin to be over $75,000 in one yr, in contrast with 20% who suppose it is going to stay comparatively flat, between $50,000 and $75,000, and 19% who suppose it is going to fall to $25,000 to $50,000.Long positions on bitcoin are extra crowded than these on environmental, social, and governance (ESG), the survey discovered. Long bitcoin was named pr ..read more
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MLB Sensation Shohei Ohtani Becomes FTX’s Newest Brand Ambassador
Neva Fomo
by Eli Tan
2y ago
Major League Baseball (MLB) phenom Shohei Ohtani is becoming a member of FTX as its latest model ambassador, the crypto alternate introduced Tuesday. Ohtani’s compensation for the deal will likely be paid fully in cryptocurrency and FTX fairness, based on a report from CNN. The take care of the Los Angeles Angels pitcher and frontrunner for the American League’s Most Valuable Player award is simply the newest of the alternate’s many sports-related sponsorships inked within the final 12 months. FTX signed former Boston Red Sox slugger David Ortiz as a multi-year ambassador in October and in add ..read more
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First Mover Asia: Bitcoin Plummets, Dashing Hopes of a Quick Return to Its Record High
Neva Fomo
by Damanick Dantes, Bradley Keoun
2y ago
“Bitcoin might proceed to entice inflation hedges, but when pricing pressures set off fast rate-hiking motion from the Fed, that might set off a huge wave of danger aversion that may penalize cryptos,” wrote Edward Moya, senior markets analyst for the foreign-exchange dealer Oanda ..read more
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