Indem zukünftig alle Off-Chain-Transaktionen indirekt an die CFTC gemeldet werden, sollen amerikanische Anleger besser geschützt werden.
SBF-Anwälte wehren sich gegen „voreingenommene“ Fragen an Geschworene
Kurz vor Prozessbeginn am 4. Oktober erhebt die Verteidigung von Sam Bankman-Fried Zweifel an den Fragen zur Auswahl der Geschworenen.
Käufer von Binance Russland dementiert Verstrickungen zur Kryptobörse
Obwohl die CommEx neben einigen ehemaligen Mitarbeitern auch Inhalte von Binance Russland übernommen hat, dementiert die neue Plattform den Vorwurf, nur eine „Scheinfirma“ zu sein.
Litecoin (LTC/USD) price halved during the summer; what next?
- Litecoin’s price halved in less than three months
- Buying the dip is risky despite a small head and shoulders pattern forming
- The dollar’s rally needs to stop for coins like Litecoin to reverse fortunes
The US dollar registered one of the biggest rallies ever during summer. For example, it gained against the EUR for eleven consecutive weeks – the first time ever!
It wasn’t only the EUR that the dollar strengthened against. In fact, it was a broad-based dollar strength, as it squeezed everything in its way higher.
That means cryptocurrencies, too.
Some of the cryptocurrencies fared better than others. For example, Bitcoin still holds close to its 2023 highs, moving in a horizontal consolidation for months.
However, some other coins did not perform so well. Litecoin (LTC/USD) is one of them, as its price halved during the summer months. It was trading at $115 in July, only to drop to $60 in less than two months.
Such volatility is not unusual in the cryptocurrency space. But the speed of the decline (or the speed of the dollar’s strength) is so fast that it takes a lot of nerves and courage to buy such a dip.
LTC/USD forms a small inverse head and shoulders pattern
A head and shoulders pattern signals a reversal. When it forms during a bearish trend, it signals a potential bullish reversal.
The head of the pattern pierced through the $60 level before bouncing. It is enough for the pattern to respect the rules, but is it enough to reverse such a powerful bearish trend seen during the summer months?
All in all, the main conclusion after nine months into the trading year is that Litecoin couldn’t hold above $100. If it doesn’t build energy to try again, the path of least resistance remains the downside.
The post Litecoin (LTC/USD) price halved during the summer; what next? appeared first on CoinJournal.
Google Cloud is now a validator on Polygon
- Polygon Labs has announced that Google Cloud is now a validator on Polygon PoS network.
- The new validator will bring “same infrastructure” powering YouTube and Gmail.
- Google Cloud joins recent addition Deutsche Telekom.
Polygon Labs has announced that Google Cloud is now officially a validator on the Polygon PoS network. The company revealed the development in a post on X on September 29.
Google Cloud joins Polygon’s validators
According to Polygon Labs, Google’s cloud computing platform has joined over 100 validators on the leading Ethereum layer 2 network.
“High-quality, trusted, security-minded validators like Google Cloud provide an added layer of security for Heimdall, Bor, and Polygon PoS users,” the Polygon developer team noted.
In the proof-of-stake blockchain world, validators are key as they operate the nodes that help secure the network via a process called staking. The native token MATIC is used in this crucial network operation. Google Cloud will help secure Polygon in this manner, which Polygon Labs says will see “the same infrastructure used to power YouTube and Gmail” now help in securing the Ethereum L2 protocol.
Today’s news follows Google Cloud’s recent announcement of its support for eleven more blockchains for its BigQuery public datasets. One of the networks added was Polygon PoS.
In June, Germany’s telecommunications giant Deutsche Telekom joined Polygon’s validator group.
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