carrie11cady

@carrie11cady

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Animoca Brands co-founder and executive chairman Yat Siu told Cointelegraph that the bookings’ growth was due to their ongoing innovation efforts.

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In total, the company recorded $314 million in bookings for 2024, a 12% increase compared to 2023, when the company reported $280 million.

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“The magnitude of skullduggery that is happening in Washington D.C. is really incredible… and it’s not over yet,” Caitlin Long, Custodia Bank’s founder and CEO, said during a panel at the event.

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Some of the most pressing friction points include setting up a wallet with a complicated seed phase, paying transaction fees and buying blockchain-native tokens to transact on a network.

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Bgin said in the 2022 fiscal year that it “generated substantially all of our revenue from cryptocurrency mining.” It added it started selling its own-designed mining machines in April 2023, a business that contributed to over 85% of its revenues that fiscal year.

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https://warpcast.com/carrie11cady/0x843dceb2

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Other blockchain data firms had warned about the project before the meltdown. Blockchain analysis firm Bubblemaps warned about LIBRA’s flawed tokenomics, revealing that 82% of the supply was unlocked and sellable from the start.

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In a Jan. 16 letter, Wyoming Senator Cynthia Lummis warned the FDIC that if the allegations of destroyed documents and obstructing the investigation were true, criminal referrals to the Department of Justice would follow.

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The FDIC added that it is reviewing the request for letters outside these parameters “as a separate FOIA request that it would review on an expedited basis.”

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The government agency says History Associates has no “reasonable basis” to believe that any letters outside this report and timeframe were covered under the original FOIA request.

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That said, Bitcoin rallied when the local US banking system showed signs of fragility in early 2023, as seen by the shock collapses of Silicon Valley Bank and Signature Bank, to name a few.

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Bitcoin tanked around 8% in an hour when Iran bombed Israel in a retaliatory attack on April 13 and also plummeted nearly 11% across Feb. 23 to 24, 2022, when Russia invaded Ukraine, CoinGecko data shows.

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Still, Bitcoin may be in for a bumpier ride should there be more international disputes.

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Data from Bitcoin analytics platform Newhedge shows Bitcoin has a volatile correlation to the Standard and Poor’s 500 (S&P 500), though some industry executives have pointed out that Bitcoin’s price movements are more closely tied to tech stocks.

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https://warpcast.com/carrie11cady/0x8f8aa041

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The RSI is showing a negative divergence on the 4-hour chart, indicating that the up move is losing steam. A break and close below the 20-EMA will suggest that the bears are trying to make a comeback. The 50-SMA is an important support for the bulls to defend because if they fail in their endeavor, the pair may plummet to $23.

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This positive view will be invalidated in the near term if the price breaks below $27.41. That could sink the pair to the 20-day EMA ($23.87), which is an essential support for the bulls to defend.

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The $27.41 level is the crucial support to watch out for on the downside. If the price turns up from the current level or bounces off $27.41 with strength, it will increase the possibility of a break above $31. The LINK/USDT pair could then start the next leg of the uptrend to $34.50 and later to $38.30.

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Buyers will have to drive the price above $4,000 to increase the likelihood of a break above $4,094. The pair could then rally to $4,500. Alternatively, a drop below $3,500 will tilt the advantage in favor of the bears.

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The moving averages on the 4-hour chart have flattened out, and the RSI is just above the midpoint, suggesting a possible range-bound action in the near term. The pair may consolidate between $4,094 and $3,500 for some time.

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