browncathy7611

@browncathy7611

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Bankman-Fried was later convicted of seven felony counts and sentenced to 25 years in prison, but he has filed an appeal.

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Launched in January 2021, Hexarq is a digital asset service platform focused on cryptocurrencies and tokenized real-world assets (RWA).

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On Dec. 11, Juan Carlos Reyes, president of the National Commission of Digital Assets (NCDA) in El Salvador, announced the signing of a mutual collaboration and training agreement with Roberto Silva, president of Argentina’s National Securities Commission (CNV).

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El Salvador signed a mutual agreement with Argentina to help both countries strengthen their digital asset industries. The Bitcoin-friendly nation is also discussing similar agreements with over 25 other countries.

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The task force will ensure that crypto ATM operators meet minimum standards to negate the risk of illicit finances passing through the machines in the country’s “first step [...] to reduce the criminal use of cryptocurrency in Australia.”

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On the downside, a slide below the 50-day SMA ($202) will indicate that the bears have seized control.

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A break and close above $248 could open the doors for a rally to $264. The bears are expected to defend the $264 level with all their might because a rally above it could propel the pair to $300.

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The 20-day EMA ($230) has flattened out, and the RSI is just above the midpoint, indicating a possible range formation in the near term. The SOL/USDT pair could swing between $210 and $248 for a few days.

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Contrary to this assumption, if the $2.28 support cracks, the pair could fall to the 50% retracement level of $2.09 and later to the 61.8% retracement level of $1.90. A deeper pullback could delay the start of the next leg of the uptrend.

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The first support on the downside is the 38.2% Fibonacci retracement level of $2.28. If the price rebounds off this support, the bulls will make one more attempt to resume the uptrend by pushing the XRP/USDT pair above $2.91. If they can pull it off, the pair could surge toward $3.84.

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This optimistic view will be negated in the near term if the price turns down and breaks below the 20-day EMA ($3,436). Such a move will signal a lack of demand at higher levels. The pair may then slump to the 50-day SMA ($2,991).

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The upsloping moving averages and the RSI near the overbought zone suggest that the path of least resistance is to the upside. The ETH/USDT pair could rise to $4,000 and later to $4,094. Buyers are expected to encounter solid selling at $4,094.

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The advantage will tilt in favor of the bears on a break and close below the triangle. That could start a decline to $90,000 and later to $85,000. If the supports crack, the decline could extend to the 50-day simple moving average ($81,543).

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The upsloping 20-day exponential moving average ($92,992) and the relative strength index (RSI) in the positive zone indicate the bulls have the edge. A break and close above the triangle increases the possibility of a rally above $100,000. The BTC/USDT pair may rise to $113,331 and, after that, to $125,000.

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Bitcoin has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears.

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Karkara said India continues to be “one of the most vibrant markets for crypto,” driven by a young, tech-savvy population and a surging interest in blockchain solutions.

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Despite the hefty tax structure, India’s crypto ecosystem has been “thriving,” Karkara told Cointelegraph, adding that many exchanges have been at the forefront, offering seamless fiat-to-crypto conversion systems that make transactions smooth and accessible.

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India’s current tax structure “can erode profits” and “discourages frequent trading,” ZebPay chief operating officer Raj Karkara said. ZebPay is an India-born crypto exchange that celebrated its 10th anniversary in October.

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More than a year since rolling out the “draconian” taxes in April 2022, India’s crypto community has shown resilience to harsh taxation requirements, with its crypto ecosystem gaining momentum, although not at its full potential, according to local market observers.

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India, the biggest global economy in terms of crypto adoption, according to Chainalysis, levied a 30% tax on crypto gains and a 1% tax deducted at source as part of its Union Budget 2022.

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