Die Behörden haben zuvor behauptet, Shin habe durch den illegalen Verkauf von LUNA-Token 105 Millionen US-Dollar eingenommen, bevor Terra zusammengebrochen ist.
Binance launches new regional hub in Georgia
Key takeaways
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Binance has opened a regional hub in Georgia as it expands its global reach.
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The crypto exchange seeks to ramp up talent acquisition, promote blockchain education, and accelerate crypto adoption in the region.
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Binance has been active in the Georgian crypto space in recent months.
Binance expands its global reach
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Monday, March 27th, that it had opened a regional hub in Georgio.
This latest cryptocurrency news comes as the cryptocurrency exchange continues to expand its presence globally.
According to the cryptocurrency exchange, the hub would be dedicated to ramping up talent acquisition, promoting blockchain education, and accelerating crypto adoption in the region.
Binance’s Georgian division currently has 25 employees. The hub is working with the local public and private sectors to organise educational and hackathon events. Binance said it expects to create dozens more jobs in the region before the end of the year.
While commenting on this latest development, Binance’s Georgia general manager Giorgi Chagelishvili, said;
“The opening of the hub in Georgia is a logical continuation of the dialogue that we started with the government last year. Thanks to the hub, we will strengthen the development of the recruiting program in the country, as well as make an even greater focus on the regional presence of Binance.”
Binance’s regional director Vladimir Smerkis pointed out that Georgia is one of the most innovative countries in the region. Georgia has also become a serious leader in terms of the level of cryptocurrency adoption.
Binance signed an MoU with Georgia
In November 2022, Binance’s CEO Changpeng Zhao (CZ) visited Georgia for the first time. During the visit, CZ met with Prime Minister Irakli Garibashvili and the local business and crypto communities.
In February 2023, Binance signed a memorandum of understanding (MoU) with the Agency for Innovation and Technology of Georgia (GITA). The two groups would work together on blockchain-related educational and community projects, as well as the growth of the cryptocurrency industry in the country as a whole.
Smerkis added that Binance now has a physical location in Georgia and is working on the legal side of the opening of the hub.
The Georgian government is working to make the country a major global cryptocurrency hub. The country is currently hosting numerous Bitcoin ATMs, making it easier for users to convert cryptocurrencies into cash and vice versa.
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G7 plant strengere Krypto-Regulierung
Die Regierungen aus Japan, den Vereinigten Staaten, Großbritannien, Kanada, Frankreich, Deutschland und der Europäischen Union wollen eine globale Strategie für digitale Vermögenswerte noch im Mai herausbringen.
This catalyst could push Litecoin price higher soon
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Litecoin has been one of the top-performing large-cap coins.
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The countdown of Litecoin halving has started, with 130 days to go.
Litecoin price has made a strong recovery in the past few days as investors reposition for the upcoming halving event. LTC has been one of the top-performing cryptocurrencies since June last year, having risen by over 130%. Litecoin was trading at $92.17, which was about 40% below the lowest point this year.
LTC halving countdown
Halving is an important part of proof-of-work (PoW) blockchains like Bitcoin, Dash, and Bitcoin Cash in that it reduces block rewards to miners by half. The goal is to reduce the supply even as demand rises. As such, the concept tends to boost the coin’s prices.
Litecoin, which is a well-known proof-of-work cryptocurrency, will go through its halving event this year. Data compiled by Nice Hash shows that the next halving event will happen on August 6 of this year, meaning that it is about 130 days to go.
Litecoin’s halving will happen when the block height rises to 2.52 million, up from the current block height of 2.446 million. This halving event happens after every four years and will see the current block reward falling from 12.5 LTC to 6.25 LTC.
Historically, cryptocurrencies tend to rise ahead of a halving event. For example, Bitcoin jumped sharply before its last halving event which happened in May 2020. It then pulled back shortly after that.
Litecoin’s hash rate has been in a strong downward trend in the past few days. It currently stands at 710 TH/s, lower than its all-time high of 785 TH/s. Hash rate is important data that shows the health of a proof-of-work cryptocurrency.
Litecoin price prediction
The daily chart shows that the LTC has been in a strong bullish trend in the past few months. It managed to flip the key level at $84.51 into a support. The coin has moved above the 25-day and 50-day exponential moving averages and the two have formed a bullish crossover.
Litecoin has moved above the ascending trendline shown in green. It has also formed what looks like a bullish pennant pattern. Therefore, the coin will likely have a bullish breakout, with the next reference level to watch being at $105.62.
How to buy Litecoin
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.
Bitstamp
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
The post This catalyst could push Litecoin price higher soon appeared first on CoinJournal.
Cathie Wood grills Hindenburg for ‘wildly misleading’ investors and buys Block shares
- Wood says Hindenburg’s recent short report on Block was ‘wildly misleading’.
- She bought more than 600,000 shares of the crypto company late last week.
- Block shares are down well over 30% versus their year-to-date high at writing.
Block Inc (NYSE: SQ) was hit hard last week after Hindenburg Research revealed a short position in the crypto company – a sell-off that Cathie Wood saw as an opportunity to expand her exposure to this stock.
How many Block shares did she buy?
On Thursday, the influential investor mobilized three of her exchange-traded funds to load up on 338,000 shares of Block Inc.
She grilled the short seller for “wildly misleading” investors as she shared a Twitter thread from an Ark associate Maximilian Friedrich that reads:
All financial services companies, including banks, encounter and combat fraud, especially during COVID – Square and Cash App are no exception, although the short report makes it sound like it.
Ark spent $16 million to purchase another 263,562 of Block shares that are now down well over 30% versus their year-to-date high.
Wall Street is bullish on Block shares
Wall Street appears to be siding with Cathie Wood as well. The consensus overweight rating on Block shares suggests analysts view Hindenburg’s concerns broadly as overblown. Ark’s Maximilian Friedrich also noted in his Twitter thread:
While Cash App likely was used for fraud during COVID, ironically, in this example, Cash App’s spending limits might have prevented the criminal to cash out even more of the funds.
Wood also increased her stake in Coinbase late last week after the crypto exchange confirmed that it received a Wells notice from the U.S. Securities and Exchange Commission for potentially violating securities laws.
At writing, Coinbase stock is down 20% versus its high at writing.
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