Dogecoin was trading close to a three-week low on Thursday, following the release of retail sales figures in the United States. Customer spending fell by more than expected in November, dropping by 0.6% last month. Litecoin slipped for a second successive session, falling to its lowest point since late November.
Dogecoin (DOGE) remained in the red on Thursday, as prices fell for the ninth day out of the last eleven.
The recent decline saw DOGE hit a low of $0.08694 earlier in today’s session, which is nearly 4% lower than Wednesday’s peak of $0.09224.
This move saw the meme coin fall to its lowest point since Monday, nearing a three-week low of $0.0848 in the process.
Looking at the chart, bearish sentiment has increased as the 14-day relative strength index (RSI) fell from its recent floor at the 47.50 mark.
As of writing, the index is tracking at 42.40, with a floor of 40.00 the next possible destination.
Should this point of support be reached, we will likely see DOGE trading near the $0.0840 level.
Litecoin (LTC) was another notable token to fall today, with prices moving lower for a second straight day.
Following a high of $78.96 on Wednesday, LTC/USD dropped to a bottom of $74.07 earlier in the day.
As a result of this drop, litecoin moved to its lowest point since November 28, when prices hit a bottom of $70.50.
Like with dogecoin above, today’s sell-off coincided with the RSI hitting a low of 50.20, which is close to a floor of 50.00.
Bulls anticipating a reversal may look at this with some optimism, and could look to reenter at this point of support.
However, should this floor fail to hold firm, then we will likely see LTC edge closer to a drop below $70.00.
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Could we see litecoin rebound in the coming days? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Dogecoin was trading close to a three-week low on Thursday, following the release of retail sales figures in the United States. Customer spending fell by more than expected in November, dropping by 0.6% last month. Litecoin slipped for a second successive session, falling to its lowest point since late November.
Dogecoin (DOGE) remained in the red on Thursday, as prices fell for the ninth day out of the last eleven.
The recent decline saw DOGE hit a low of $0.08694 earlier in today’s session, which is nearly 4% lower than Wednesday’s peak of $0.09224.
This move saw the meme coin fall to its lowest point since Monday, nearing a three-week low of $0.0848 in the process.
Looking at the chart, bearish sentiment has increased as the 14-day relative strength index (RSI) fell from its recent floor at the 47.50 mark.
As of writing, the index is tracking at 42.40, with a floor of 40.00 the next possible destination.
Should this point of support be reached, we will likely see DOGE trading near the $0.0840 level.
Litecoin (LTC) was another notable token to fall today, with prices moving lower for a second straight day.
Following a high of $78.96 on Wednesday, LTC/USD dropped to a bottom of $74.07 earlier in the day.
As a result of this drop, litecoin moved to its lowest point since November 28, when prices hit a bottom of $70.50.
Like with dogecoin above, today’s sell-off coincided with the RSI hitting a low of 50.20, which is close to a floor of 50.00.
Bulls anticipating a reversal may look at this with some optimism, and could look to reenter at this point of support.
However, should this floor fail to hold firm, then we will likely see LTC edge closer to a drop below $70.00.
Register your email here to get weekly price analysis updates sent to your inbox:
Could we see litecoin rebound in the coming days? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales
Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.
According to a recent report, the cryptocurrency exchange Gemini suffered from a breach of data and reportedly 5.7 million emails were leaked. While Gemini has stated “some Gemini customers have recently been the target of phishing campaigns,” the exchange insisted that “no Gemini account information or systems were impacted.”
On Dec. 14, 2022, the crypto news outlet Cointelegraph published a report that claims “5,701,649 lines of information pertaining to Gemini customers” have been leaked by a data breach. The reporter Zhiyuan Sun wrote that the publication reviewed documents that had shown the leak featured “Gemini customers’ email addresses and partial phone numbers.”
The same day, Gemini published a blog post about protecting customers from phishing incidents and it mentions a third party was responsible for the breach. “Some Gemini customers have recently been the target of phishing campaigns that we believe are the result of an incident at a third-party vendor,” the trading platform’s blog post discloses. “This incident led to the collection of Gemini customer email addresses and partial phone numbers.”
Gemini’s post adds:
No Gemini account information or systems were impacted as a result of this third-party incident, and all funds and customer accounts remain secure.
Gemini is not the first crypto company to suffer from a data leak as Ledger, the hardware wallet manufacturer, had issues with a customer data leak in 2020. Last year, the Indian crypto exchange Buyucoin was hacked and reportedly sensitive data tied to 325,000 users was allegedly leaked. In July, Celsius explained customer data was leaked before the business filed for bankruptcy and a month earlier, Opensea said it suffered from a leak as well.
Meanwhile, the Gemini blog post details that the security of customer funds and associated accounts is the exchange’s “top priority.” The statement written by Gemini also insists that the company does not recommend users rely on “the secrecy of an email address as a substitute for strong authentication methods.” The company further gives step-by-step instructions on how to reset an email associated with a specific Gemini account.
What do you think about the Gemini data leak? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
According to a recent report, the cryptocurrency exchange Gemini suffered from a breach of data and reportedly 5.7 million emails were leaked. While Gemini has stated “some Gemini customers have recently been the target of phishing campaigns,” the exchange insisted that “no Gemini account information or systems were impacted.”
On Dec. 14, 2022, the crypto news outlet Cointelegraph published a report that claims “5,701,649 lines of information pertaining to Gemini customers” have been leaked by a data breach. The reporter Zhiyuan Sun wrote that the publication reviewed documents that had shown the leak featured “Gemini customers’ email addresses and partial phone numbers.”
The same day, Gemini published a blog post about protecting customers from phishing incidents and it mentions a third party was responsible for the breach. “Some Gemini customers have recently been the target of phishing campaigns that we believe are the result of an incident at a third-party vendor,” the trading platform’s blog post discloses. “This incident led to the collection of Gemini customer email addresses and partial phone numbers.”
Gemini’s post adds:
No Gemini account information or systems were impacted as a result of this third-party incident, and all funds and customer accounts remain secure.
Gemini is not the first crypto company to suffer from a data leak as Ledger, the hardware wallet manufacturer, had issues with a customer data leak in 2020. Last year, the Indian crypto exchange Buyucoin was hacked and reportedly sensitive data tied to 325,000 users was allegedly leaked. In July, Celsius explained customer data was leaked before the business filed for bankruptcy and a month earlier, Opensea said it suffered from a leak as well.
Meanwhile, the Gemini blog post details that the security of customer funds and associated accounts is the exchange’s “top priority.” The statement written by Gemini also insists that the company does not recommend users rely on “the secrecy of an email address as a substitute for strong authentication methods.” The company further gives step-by-step instructions on how to reset an email associated with a specific Gemini account.
What do you think about the Gemini data leak? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. “NFTs aren’t dead, they are going to be everywhere” says Tina Lou, Head of Marketing at Minxie, “and, actually, the bear market is the best thing that could have happened to them”, she continues, “We’ve weeded through scams and rug-pulls and the projects left standing are truly dedicated to Web3 values. We’ve been forced to pivot and solve some fundamental issues we saw with the first wave of NFTs. When the market reverses you’ll see more tangibility and innovation with the way NFT creators and brands are providing value to their holders”.
Minxie has created a blockchain-based social media platform that offers creators multiple options for direct monetization including an NFT marketplace. Their mission is to address issues experienced by artists and creators who are currently stuck on web2 platforms. Although the platform was designed for creators of all categories, they are not afraid to point out that they especially solve for those in marginalized and underserved categories such as cannabis, adult, and crypto, who are often spending their time recovering deactivated accounts and combating major disruptions in their visibility via algorithms and shadowbanning.
Disgruntled creator communities have become increasingly aware of the unfair power dynamics they’ve experienced on monopoly platforms such as Meta and Twitter. “Platforms have long taken the lion’s share of value and revenue generated by their creators and users, pulling in dozens of billions a year in profit while reluctantly launching one-time single billion dollar ‘creator funds’. The power dynamic has long since been over-skewed in favor of the platforms rather than those who made them relevant and enjoyable to use in the first place. That coupled with archaic notions of content regulation better befitting the FCC of yesterday, where they fear ‘reefer madness’ and nudity more than hate speech and violence, making their obsolescence all too obvious. The time for a fundamental shift towards a more democratic and equitable form of social media is upon us, and Minxie is leading the charge.” Says Minxie’s Chief of Business Development, Noah Greenburger.
With most online communities still largely untapped, Minxie plans to lead the way in bringing blockchain to the creator economy, which is why their upcoming NFT drop was designed with creators and their fans in mind.
“Most people, especially those who still think NFTs to be nothing more than grossly overpriced jpegs, want value that is meaningful. The technology is solid, but what else are they getting out of the art that sits in their digital wallet?”, Minxie’s CEO Kyle Jackson continues, “Many projects are attaching access to online communities and events, which is great, but we’re taking it much further than that.”
Minxie has taken the concept of the PFP and coupled it with access and prizes with additional utility attached to different levels of rarity. “Literally every holder of our mystery NFT is a winner, but we’ve gamified it with prizes and additional utility to provide more value to our platform users and make it more fun.” says Minxie. At base level all holders of the MinxieVerse Pass (MVP) NFT will gain early access to their platforms and exclusive giveaways attached to real world items people will actually want – and the prizes, rewards, and IRL opportunities multiply for those who unlock characters with the specified rare traits.
All minters of the first MINXIE drop will receive a mystery PFP depicting an anime character, playfully adorned in sci-fi attire with hints of the 3D-printed fashion styled in their photoshoots. Minxie’s Head of Marketing mentions working with their Head of Design on the concepts for the characters, “Most of my mood boards for Minxie look like Grimes had a baby with Barbarella”, she laughs, “it’s been a really fun nod to creator empowerment, and a way to bring pop culture to the tech world, where all the solutions for artists exist.”
With technology that has the potential to change the game in favor of artists and content creators, it will be interesting to see what projects emerge when we enter the next bull run. “The world is moving into a new era using blockchain technology to power a new asset class. Here at Minxie, we want nothing more than to help creators pioneer this new financial revolution with a platform that is focused on creator autonomy in conjunction with blockchain technology” says Minxie’s Director of Community Relations, Jonathan Octeus.
Minxie’s NFT collection mints on December 22, 2022 along with the private launch of the platform containing original content from the first wave of alpha creators, carefully selected by the Minxie Team to be available for minting after its public launch in Q1 2023.
The original MVP NFT Whitelist of 1,500 participants has already been filled due to partnerships with prominent NFT collections such as Alpacadabraz, Blvck, Moonbirds Dynasty, PGodjira, AlphaSharksNFT, the Habibiz and even Doodles. The Minxie Team is now hosting an additional Pre-Mint Waitlist for those who wish to join the Mint and get signed up to access the Minxie Ecosystem after its public launch in Q1 2023.
Holders of the MVP NFTs will also receive a future airdrop of the $GOOD transactional token to be airdropped to all MinxieVerse Pass holders at the time of the snapshot which the Minxie Team will announce in Q1 2023.
Anyone interested in joining their Pre-Sale Whitelist (in case any of the 1,500 signed up don’t proceed):
https://www.minxie.io/mvpnft
Anyone interested in joining their Pre-Mint Waitlist (to get access to the remaining spots in the Beta):
https://www.premint.xyz/minxieverse-1/
————————————————————————
For more information, please visit: https://www.minxie.io/
Media Contact: communications@minxie.io
Media links:
Website: https://www.minxie.io/
Pre-Sale Whitelist: https://www.minxie.io/mvpnft
Pre-Mint Waitlist: https://www.premint.xyz/minxieverse-1/
NFT Mint Page: https://minxieverse.com
NFT Roadmap: https://info.minxie.io/NFTRoadmap
Discord: https://discord.gg/minxie
Instagram: https://instagram.com/minxieofficial/
Twitter: https://twitter.com/minxieofficial
Whitepaper: https://info.minxie.io/whitepaper
Documentation: https://docs.minxie.io/
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
Source From : News