November 2022 - Seite 33 von 79 - Finanzmittel Info + Krypto + Geld + Gold

18. November 2022

Crypto price prediction: SSV, SafePal (SFP), Chiliz (CHZ)

Cryptocurrency prices remained on edge this week as the collapse of FTX continued. During the week, Genesis, a leading crypto exchange, suspended its withdrawals briefly. Similarly, a crypto lender associated with Digital Currency Group (DCG) suspended most of its business. Bitcoin remained at $16,000. Here are the top coins to trade during the weekend: SSV, SafePal, and Chiliz.

SSV price prediction

SSV Network is an upcoming blockchain project that provides distributed validator infrastructure services for developers. It is designed for building high-performance, secure, and decentralized ETH staking applications. Some of the products using its network are Infinite Lux, Swell Network, Ankr, and Stader among others.

SSV price has made a modest recovery in the past few days. This recovery happened after the network partnered and provided a grant to Moonstake. Most importantly, it partnered with Lido, the biggest liquid staking platform in the world. Lido will use its distributed validator technology to scale its operations.

The daily chart shows that SSV price has made a strong recovery in the past few days. In this period, it has managed to move from below the 78.6% retracement to 61.8% retracement point. It is also consolidating at the 25-day and 50-day moving averages.

Therefore, it is clear that SSV Network is not out of the woods yet. A bull run will be confirmed only when it moves above the two MAs and the 50% Fibonacci Retracement level. Therefore, a pullback cannot be ruled out during the weekend.

SSV chart by TradingView

How to buy SSV

Safepal price prediction

Safepal is a crypto wallet that helps protect their cryptocurrencies. It has a hardware crypto wallet and mobile applications that are used by thousands of users. The Safepal price has done well in the past few weeks as it rallied by more than 170% from its lowest level this month. This recovery happened as people moved their coins to secure wallets.

On the daily chart, we see that the SFP price made a strong bullish breakout this week. As it rose, it managed to move above the important resistance level at $0.5985, which was the highest level since August of this year.

SafePal price also moved above all moving averages while the Relative Strength Index (RSI) moved to the overbought level. Therefore, the coin will likely pull back as investors start taking profits. If this happens, it will likely retest the support at $0.60.

SFPUSD chart by TradingView

How to buy Safepal

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy SFP with Binance today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy SFP with Swapzone today

Chiliz (CHZ)

Chiliz price has done well in the past few days as the World Cup nears. In this period, it has rallied from a low of $0.1445, which was the lowest level this month. It soared to the current $0.240.

The coin has moved above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved above the neutral point. The coin will likely continue soaring as the enthusiasm of the upcoming World Cup event nears. This recovery could see it rise to the important resistance at $0.3066.

CHZUSD chart by TradingView

How to buy Chiliz

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy CHZ with eToro today

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy CHZ with Capital.com today

The post Crypto price prediction: SSV, SafePal (SFP), Chiliz (CHZ) appeared first on CoinJournal.

18. November 2022

FTX’s bankruptcy filings show ‘complete failure of corporate controls’

Bankruptcy filings have called out Sam Bankman-Fried (SBF) and the entire FTX team for a complete failure of corporate controls.

The latest bankruptcy filings have blasted SBF and his executives for completely failing to have a handle on their corporate affairs.

FTX’s bankruptcy lawyers claim that SBF is actively trying to disrupt the entire bankruptcy process for the various entities that fall under his company. According to the new CEO and lead lawyer, SBF is currently fighting against the lawyers and executives hired to handle the bankruptcy process.

The lawyers have filed an emergency petition to transfer the Chapter 15 bankruptcy proceedings in the Bahamas to the United States Bankruptcy Court in Delaware. The move is designed to ensure that the various bankruptcy cases are handled in a single US court. Adam Landis, a partner at Landis, Roth & Cobb, said;

“In terms of the celebrity of Mr. Bankman-Fried, his unconventional leadership style, his incessant and disruptive tweeting since the Petition Date, and the almost complete lack of dependable corporate records, these Chapter 11 Cases are unprecedented. Mr. Bankman-Fried, the co-founder, and controlling owner of all of the Debtors and of FTX DM, appears to be supporting efforts by the JPLs to expand the scope of the FTX DM proceeding in the Bahamas, to undermine these Chapter 11 Cases, and to move assets from the Debtors to accounts in the Bahamas under the control of the Bahamian government.”

SBF and his team were criticised for their complete lack of corporate handle on the company’s affairs. Chicago-based attorney John J. Ray III, who was appointed the CEO of FTX after the collapse and is currently handling the bankruptcy filings, attacked the way SBF handled the company. He wrote;

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here,” wrote Ray, a corporate clean-up specialist who is a veteran of the Enron bankruptcy. “From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.”

In this latest cryptocurrency news, Ray revealed that most of FTX’s books were not audited. Hence, the information in the company’s books might not be accurate. He added that SBF is actively trying to undermine the bankruptcy procedure, clarifying that the former CEO no longer speaks for the company.

A balance sheet of Alameda Research revealed that the hedge fund lent $1 billion to Bankman-Fried personally, another $2.3 billion to a company called Paper Bird Inc., $543 million to co-founder Nishad Singh, and $55 million to executive Ryan Salame

The post FTX’s bankruptcy filings show ‘complete failure of corporate controls’ appeared first on CoinJournal.

18. November 2022

Litecoin targets the $70 resistance level again after adding 7% to its value

Litecoin is outperforming the other major cryptocurrencies so far today and is up by more than 7% in the last 24 hours.

LTC, the native coin of the Litecoin blockchain, is up by more than 7% in the last 24 hours. The coin is currently the best performer amongst the top 100 cryptocurrencies by market cap. At press time, the price of Litecoin stands at $62.15.

There is no catalyst behind LTC’s ongoing positive performance. The rally comes as the broader crypto market embarks on its recovery after underperforming in the last two days.

The total cryptocurrency market cap stands above $835 billion, up by less than 1% in the last 24 hours. This latest cryptocurrency news comes as Bitcoin attempts to move past the $17k resistance level after rising by roughly 2% today. Ether currently stands at $1,218, up by more than 1% in the previous 24 hours.

Key levels to watch

The LTC/USD 4-hour chart is bullish, as Litecoin has been performing well over the last 24 hours. The technical indicators show that LTC is outperforming the broader cryptocurrency market.

LTC/USD Chart By TradingView

The MACD line crossed into the positive zone a few hours ago, indicating that the bulls have regained control of the Litecoin market.

The 14-day relative strength index stands at 61. If the positive performance continues, LTC could enter the overbought region over the next few hours or days.

If the bullish momentum continues, LTC could move past the first major resistance level at $69.04 before the end of the day.

In the event of an extended bullish performance, Litecoin could surpass the $75 resistance level for the first time this month. However, it would need the support of the broader crypto market to reach that level.

The market is not completely bullish, which means the bears could still regain control. If that happens, LTC could slip below the $57 support level over the weekend.

Where to buy Litecoin now

eToro

Buy LTC with eToro today

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy LTC with Skilling today

The post Litecoin targets the $70 resistance level again after adding 7% to its value appeared first on CoinJournal.

17. November 2022

CHZ soars by 13% today as the FIFA World Cup 2022 draws closer

CHZ has been the best performer amongst the top 50 cryptocurrencies by market cap over the last 24 hours.

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The broader cryptocurrency market has dipped by less than 1% today, following an excellent start to the week.

CHZ, the native token of the Chiliz ecosystem, is up by more than 13% in the last 24 hours, making it the best performer amongst the top 50 cryptocurrencies by market cap.

CHZ’s rally comes as the FIFA World Cup 2022 draws closers. Chiliz is a fan token and has gained popularity in the football world over the last few years. With the 2022 World Cup around the corner, CHZ’s adoption rate could surge.

The positive performance comes as the broader crypto market is struggling. The total crypto market cap stands at around $839 billion, down by roughly 1% in the last 24 hours.

Bitcoin is still trading above $16k despite losing less than 1% of its value today. Ether is down by more than 2% and is now trading above $1,200 per coin.

Key levels to watch

The CHZ/USD 4-hour chart has turned bearish as Chiliz has been performing well over the past 24 hours. The technical indicators show that CHZ is outperforming the broader crypto market.

CHZ/USDT Chart By TradingView

The MACD line has crossed into the positive zone after rallying by more than 13% today, indicating that the bulls have taken over the CHZ market.

The 14-day relative strength index of 60 shows that CHZ could be heading into the overbought region over the coming hours or days.

At press time, CHZ is trading at $0,2322. If the rally continues, CHZ could surge past the first resistance level at $0.2717 before the end of the day.

However, CHZ would need the support of the broader cryptocurrency market to enable it to surpass the second major resistance level at $0.2960 in the near term.