Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday.
Solana (SOL) remained near a two-month high to start the week, despite crypto markets beginning to consolidate recent gains.
SOL/USD hit an intraday high of $24.75 on Monday, which comes less than a day after falling to a bottom of $22.68.
This move means that the token remains close to this weekend’s high of $25.03, which was the strongest point for SOL since November 8.
From the chart, it appears as sentiment in solana is still somewhat bullish, which comes as the 14-day relative strength index (RSI) continued to track above a support point at 80.00.
As of writing, the index is tracking at 80.18, with solana trading at the $23.42 price point.
Should the index remain about 80.00 in the coming days, it is likely that SOL could once again move toward $25.00.
Like SOL, shiba inu (SHIB) bypassed today’s price consolidation, maintaining recent highs in the process.
Following a low of $0.00001009 on Sunday, SHIB/USD climbed to a peak of $0.00001099 earlier today.
Monday’s action has seen the meme coin continue to trade near the two-month high of $0.00001111, hit last Friday.
Like many cryptocurrencies last week, prices of shiba inu were mostly overbought in recent days, with the RSI falling from a ceiling at 80.00.
Currently, the index is tracking at 73.00, with a floor at the 70.00 mark a possible target for sellers.
However, bulls seem to be rejecting this proposition on Monday, with some eyeing a rally back above $0.00001100 instead.
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Could we see shiba inu hit a fresh two-month high this week? 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 online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
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.
Fed's Bullard Wants to Raise Bank Rate to 3.5% by Year's End, Hints at 75 Basis Point Rate Hike
The 12th president of the Federal Reserve Bank of St. Louis, James Bullard, thinks the U.S. central bank can increase the benchmark bank interest rate by 75 basis points this year. Bullard believes the Fed could raise rates to 3.5% ... read more.
Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday.
Solana (SOL) remained near a two-month high to start the week, despite crypto markets beginning to consolidate recent gains.
SOL/USD hit an intraday high of $24.75 on Monday, which comes less than a day after falling to a bottom of $22.68.
This move means that the token remains close to this weekend’s high of $25.03, which was the strongest point for SOL since November 8.
From the chart, it appears as sentiment in solana is still somewhat bullish, which comes as the 14-day relative strength index (RSI) continued to track above a support point at 80.00.
As of writing, the index is tracking at 80.18, with solana trading at the $23.42 price point.
Should the index remain about 80.00 in the coming days, it is likely that SOL could once again move toward $25.00.
Like SOL, shiba inu (SHIB) bypassed today’s price consolidation, maintaining recent highs in the process.
Following a low of $0.00001009 on Sunday, SHIB/USD climbed to a peak of $0.00001099 earlier today.
Monday’s action has seen the meme coin continue to trade near the two-month high of $0.00001111, hit last Friday.
Like many cryptocurrencies last week, prices of shiba inu were mostly overbought in recent days, with the RSI falling from a ceiling at 80.00.
Currently, the index is tracking at 73.00, with a floor at the 70.00 mark a possible target for sellers.
However, bulls seem to be rejecting this proposition on Monday, with some eyeing a rally back above $0.00001100 instead.
Register your email here to get weekly price analysis updates sent to your inbox:
Could we see shiba inu hit a fresh two-month high this week? 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 online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
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.
Fed's Bullard Wants to Raise Bank Rate to 3.5% by Year's End, Hints at 75 Basis Point Rate Hike
The 12th president of the Federal Reserve Bank of St. Louis, James Bullard, thinks the U.S. central bank can increase the benchmark bank interest rate by 75 basis points this year. Bullard believes the Fed could raise rates to 3.5% ... read more.
On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates.
On June 23 of last year, the Harmony development team disclosed that $100 million in cryptocurrency funds had been stolen from the Horizon bridge. Reports indicated that the attacker had utilized a multi-signature wallet to gain control of the bridge. Onchain researcher Zachxbt discovered that funds related to the Horizon bridge loss began to move 206 days later, with 41,000 ETH (worth $63.2 million at current exchange rates) being transferred.
“North Korea’s Lazarus Group had a very busy weekend moving $63.5 million (approximately 41,000 ETH) from the Harmony bridge hack through Railgun before consolidating funds and depositing them on three different exchanges,” Zachxbt tweeted. The funds were reportedly deposited into OKEx, Huobi, and Binance. Zachxbt added that Huobi and Binance had frozen some of the ethereum sent to the exchanges.
Binance CEO Changpeng Zhao, commonly known as “CZ,” confirmed that the funds were indeed frozen. “We detected Harmony One hacker fund movement,” CZ wrote. “They previously tried to launder through Binance and we froze their accounts. This time they used Huobi. We assisted the Huobi team in freezing their accounts. Together, 124 BTC have been recovered,” the Binance executive added.
The blockchain intelligence firm Elliptic initially linked the funds to North Korea’s Lazarus Group. Lazarus Group is accused of carrying out numerous attacks against cryptocurrency projects in recent years. It is believed that the North Korean hacker collective was behind the $620 million Ronin bridge attack as well.
What are your thoughts on the hackers moving 41,000 ethereum onchain to three major exchanges? Share your perspective 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.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates.
On June 23 of last year, the Harmony development team disclosed that $100 million in cryptocurrency funds had been stolen from the Horizon bridge. Reports indicated that the attacker had utilized a multi-signature wallet to gain control of the bridge. Onchain researcher Zachxbt discovered that funds related to the Horizon bridge loss began to move 206 days later, with 41,000 ETH (worth $63.2 million at current exchange rates) being transferred.
“North Korea’s Lazarus Group had a very busy weekend moving $63.5 million (approximately 41,000 ETH) from the Harmony bridge hack through Railgun before consolidating funds and depositing them on three different exchanges,” Zachxbt tweeted. The funds were reportedly deposited into OKEx, Huobi, and Binance. Zachxbt added that Huobi and Binance had frozen some of the ethereum sent to the exchanges.
Binance CEO Changpeng Zhao, commonly known as “CZ,” confirmed that the funds were indeed frozen. “We detected Harmony One hacker fund movement,” CZ wrote. “They previously tried to launder through Binance and we froze their accounts. This time they used Huobi. We assisted the Huobi team in freezing their accounts. Together, 124 BTC have been recovered,” the Binance executive added.
The blockchain intelligence firm Elliptic initially linked the funds to North Korea’s Lazarus Group. Lazarus Group is accused of carrying out numerous attacks against cryptocurrency projects in recent years. It is believed that the North Korean hacker collective was behind the $620 million Ronin bridge attack as well.
What are your thoughts on the hackers moving 41,000 ethereum onchain to three major exchanges? Share your perspective 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.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
PRESS RELEASE. Ledgible, the leading digital asset tax and accounting solution for institutions, professionals, and investors unveils a newly revamped website and interface. Users can now quickly explore the company’s various digital asset solutions, connect with support, register and so much more all in one streamlined ecosystem.
The announcement comes just in time for the 2022 US tax season, as tax filers and tax professionals are gearing up for the highest volume digital asset tax filing season ever in the US.
Legible offers more than just digital asset tax solutions however, they’re also a top provider of digital asset accounting and digital asset data aggregation tools for companies like FIS, Thomson Reuters, Wolters Kluwer, Interactive Brokers, and more.
Crypto Accounting
Ledgible Crypto Enterprise & Institutional Accounting takes the headache out of managing digital asset data. Whether you’re running month-end reporting, analyzing balances, managing crypto funds, or integrating with your existing accounting software like Advent Geneva, Netsuite, Quickbooks Online, Xero, Wall Street Concepts, SEI, Eagle, and so many more systems, Ledgible has you covered.
Digital Asset Data
The Ledgible platform is more than just a SaaS platform, our scalable solutions paired with our proprietary data layer allow quick access to crypto data aggregation and normalization for institutions and enterprises. From integrations with secure banking systems to the augmentation of traditional financial reporting software, Ledgible Data allows enterprises and institions quick scalable solutions in tax and accounting for crypto.
Through seamless API connections, the Ledgible platform serves as the foundational infrastructure bridging the gap between digital asset data and traditional tax and accounting systems at scale. Explore the newly redesigned site at Ledgible.io.
About Ledgible
Ledgible Crypto provides AICPA SOC 1 & 2 assured digital asset tax and accounting solutions for institutions, investors, and professionals. The Ledgible Crypto Platform is the proven crypto asset solution for professionals with leading accounting firms and major crypto companies globally. Legible is used by thousands of firms, enterprises, investors, and professionals to make tax reporting and accounting easy. For more information, visit ledgible.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.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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.
PRESS RELEASE. Ledgible, the leading digital asset tax and accounting solution for institutions, professionals, and investors unveils a newly revamped website and interface. Users can now quickly explore the company’s various digital asset solutions, connect with support, register and so much more all in one streamlined ecosystem.
The announcement comes just in time for the 2022 US tax season, as tax filers and tax professionals are gearing up for the highest volume digital asset tax filing season ever in the US.
Legible offers more than just digital asset tax solutions however, they’re also a top provider of digital asset accounting and digital asset data aggregation tools for companies like FIS, Thomson Reuters, Wolters Kluwer, Interactive Brokers, and more.
Crypto Accounting
Ledgible Crypto Enterprise & Institutional Accounting takes the headache out of managing digital asset data. Whether you’re running month-end reporting, analyzing balances, managing crypto funds, or integrating with your existing accounting software like Advent Geneva, Netsuite, Quickbooks Online, Xero, Wall Street Concepts, SEI, Eagle, and so many more systems, Ledgible has you covered.
Digital Asset Data
The Ledgible platform is more than just a SaaS platform, our scalable solutions paired with our proprietary data layer allow quick access to crypto data aggregation and normalization for institutions and enterprises. From integrations with secure banking systems to the augmentation of traditional financial reporting software, Ledgible Data allows enterprises and institions quick scalable solutions in tax and accounting for crypto.
Through seamless API connections, the Ledgible platform serves as the foundational infrastructure bridging the gap between digital asset data and traditional tax and accounting systems at scale. Explore the newly redesigned site at Ledgible.io.
About Ledgible
Ledgible Crypto provides AICPA SOC 1 & 2 assured digital asset tax and accounting solutions for institutions, investors, and professionals. The Ledgible Crypto Platform is the proven crypto asset solution for professionals with leading accounting firms and major crypto companies globally. Legible is used by thousands of firms, enterprises, investors, and professionals to make tax reporting and accounting easy. For more information, visit ledgible.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.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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.
PRESS RELEASE. KRRX token will be listed on Huobi, one of the world’s leading and largest crypto exchanges, on January 17th, 2023. Trading on the exchange will be carried out through the KRRX/USDT pair.
KRRX token – is the Kyrrex ecosystem’s utility token, which implies different conditions for interacting with services and functions within this ecosystem.
Huobi is scheduled to list KRRX on January 17th, 2023.
From January 18th to January 31st, it is expected KRRX tokens primepool. Users will be able to lock their KRRX tokens in exchange for a chance to win part of the HUGE KRRX token prize pool. Two weeks only.
LotTrade VS Kyrrex tournament – This is an exclusive tournament that is held in honor of the listing KRRX on Huobi, which takes part from 17.01.2023 to 01.02.2023, so don’t miss it (Tournament prize fund – 50 000 KRRX)
Kyrrex is a crypto-fiat ecosystem with a native token (KRRX) based in Malta that aims to bridge the gap between the banking sector and cryptocurrency markets. The platform is offering products and services relevant to a broad range of individuals and entities.
Launched in 2018 by Viktor Kochetov and Mykhailo Romanenko, Kyrrex’s primary product is its crypto exchange the ecosystem also includes an OTC desk and liquidity protocol.
Kyrrex has obtained a Class 4 VFA (Virtual Financial Asset) Service Provider license from the Malta Financial Services Authority (MFSA), establishing itself as a reliable partner in cryptocurrency services.
With the Class 4 VFA license, Kyrrex is able to serve its customers varied crypto-related products and offerings like a trading program, a deposit program, crypto payment services, as well as crypto-to-fiat and fiat-to-crypto exchange. Moreover, it also has a license providing a virtual currency service of the Estonian Financial Intelligence Unit.
KRRX is connected to many inner projects as well as linked to numerous initiatives, including significant partnerships in the sports industry. Currently, Kyrrex intends to expand agreements with MotoGP rider Jorge Martin, Moto2 young talent Pedro Acosta, and paddle athlete Martin Di Nenno.
Moreover, will launch Kyrrex Sport soon. A marketplace for potential athletes’ image rights that are represented by fungible tokens (not NFTs) as well as an NFT marketplace for their personal collections.
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.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
Source From : News