Die Geschäftsführer von Kernel Labs hatten enge Verbindungen zu Terraform Labs und haben sich diesen Umstand zunutze gemacht, um unrechtmäßig mit Terra (LUNA) zu handeln.
Bitcoin steadies below $17K, but this analyst recommends a key indicator for a reversal
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Bitcoin was steady below $17,000 on Tuesday
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A crypto analyst suggests a crossing of price above the 200-day as a bull signal
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Bitcoin still lacks a directional movement, and further decline is possible
Bitcoin (BTC/USD) traded slightly below $17,000 on Tuesday, initially losing an opportunity to claim $19,000. A technical outlook shows that BTC has successfully defended $16,000 against the bears, signalling a potential reversal zone. But as the price once again stabilises, one key analyst recommends that investors wait for a key bullish signal.
Renowned crypto trader and analyst Kaleo tells Bitcoin enthusiasts to wait for a classic technical indicator for a bull market. According to him, Bitcoin initiates a bull market each time the price crosses above the 200-day moving average. He says although his strategy is simple, it has been a signature indicator on the BTC chart in its last cycles. Kaleo tells his followers to remain patient until the key signal pops up.
But the analyst holds the view that Bitcoin could fall further. He sees a scenario where BTC consolidates and then declines to another low in a bear market. Kaleo says a bullish spike could occur somewhere in June 2023.
BTC gets rejected at the 50-day MA
On the technical front, BTC is steadying after a correction. The price was rejected at the 50-day MA, with the cryptocurrency lacking a directional bias in a bear market. The RSI has again fallen below the midpoint, signalling the entry of bears or bull exhaustion.
Applying the 200-day MA on the daily chart, BTC trades way below it. It could take several months to see the price crossing above it.
Which way is the BTC price?
From the technical outlook, BTC price could struggle for a while before we see a sustained bullish surge. If, indeed, BTC will become bullish when the price crosses above the 200-day MA, then we could wait longer for it to happen. Still, there is no indication that the bear market is nearing an end, although bulls remain strong at $16,000.
Where to buy BTC
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.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
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Bitcoin-Kurs zurück im Aufwind, doch Japans Zentralbank sorgt für Unruhe
Obwohl die veränderte Geldpolitik der BoJ dem Bitcoin zunächst einen Boost verpasst, befürchten die Experten mittelfristig dadurch neuen Verkaufsdruck.
1,7 Mio. US-Dollar in BTC bewegt: Bitcoin von QuadrigaCX nach Jahren wieder in Bewegung
Man dachte, diese Wallets seien nicht zugänglich, nachdem der Gründer der Börse gestorben war. Er war der einzige, der die privaten Schlüssel dazu hatte.
Polygon founder launches Web3 accelerator Beacon
- Polygon co-founder Sandeep Nailwal has helped launch a Web3-specific accelerator run by top Web3 veterans.
- Beacon Accelerator started in October with a cohort of 15 companies and 30 founders
- The inaugural cohort will last 12 weeks and see founder pitch their projects more than 300 leading Web3 investors in January 2023.
Sandeep Nailwal, the co-founder of blockchain network Polygon and Web3-focused investment firm Symbolic Capital, has launched another founder-led project aimed at advancing the growth of the Web3 ecosystem.
The new project Beacon Accelerator launched today, 20 December 2022 under the leadership of some of the most prominent figures in the crypto and Web3 space. It’s a Web3-specific program by founders for founders, Nailwal said in a press release shared with CoinJournal.
As such, Beacon’s founders are from various sectors key to Web3 development, including experts across legal, fundraising, security, and operations.
Core contributors who’ll run the project alongside Nailwal include former DCG chief security Uri Stay, former Sequoia Capital VP Prateek Sharma, and Symbolic Capital co-founder Kenzi Wang. Among topics this team of ‘Core Contributors’ will focus on as they offer mentorship and advice to Beacon’s founders include GameFi, DeFi, metaverse, and consumer apps.
An inaugural cohort of 15 companies and 30 founders
Beacon’s inaugural cohort comprises 15 companies and over 30 founders and started in October. The twelve-week program offers access to topnotch mentors and builders in Web3, remotely available from 12 cities in nine countries.
Mentors for the first cohort will include ecosystem founders, investors, and operators, with such names as Magic Eden co-founder and CEO Jack Lu, Origin Protocol founder Matt Liu and Coinfund partner Evan Fang.
As noted in today’s press release, the inaugural program ends this January and will see projects pitch to a gathering of over 300 leading Web3 investors during a Demo Day to be live streamed across the world.
Nailwal on founding Web3 projects
Commenting on the launch of the accelerator program and its place in Web3 development, Nailwal said that founding a Web3 project is markedly different from Web2 startups. Founders cannot follow the same playbook applicable in Web2 and that Beacon will help projects navigate the ecosystem.
“Our ultimate goal is to build the greatest network of web3 founders in the world,” Nailwal said, adding that his experience after going through the Binance Labs accelerator had taught him something.
“I found that the greatest resource in any accelerator is the other founders going through the program alongside you. We think that as our alumni network grows, the overall quality of projects being built in web3 will increase as founders help each other find success,” he explained.
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