Linda! XLMUSDT -> Resistance Area Retest for BINANCE: XLMUSDT by RLinda – Technische Analyze – 2023-03-29 16:54:35

XLMUSDT after a false split of the liquidity zone exits wedge upwards and constitutes momentum. The price is testing the resistance at 0.0959 and confirming the boundary area. What will come next?

After that, we have consolidation before the breakdown and a retest of the resistance at 0.0959. There is a chance of penetration resistance range . In this case, the bulls will have the possibility of growth towards 0.1400.

I expect a break of the resistance at 0.0959 on the retest. The short-term target is the resistance at 0.1160, and the medium-term target is the liquidity area at 0.1400.

Greetings R.Linda!

New bills from the Texas Senate seek to reduce incentives for bitcoin mining

Texas based bitcoin Mining companies may soon lack the financial incentives that have given the industry a strong competitive edge in the Lone Star State.

Senate Bill 1751, introduced earlier this month, aims to protect the state’s power grid during peak loads, with a proposed measure as a measure.

One of the main provisions of the bill is that it would restrict bitcoin mining companies from participating in the government-run Demand Response Program. This program rewards miners for returning power to the grid when demand threatens to flood the system unless projected electricity demand is “less than 10 percent of the total load required by all loads in the program,” the bill states.

The bill would also prevent “virtual currency mining from tax cuts given that significant growth in virtual currency mining is already expected to occur in the state,” the bill’s sponsor, Senator Lewis Colkhorst, said during testimony on Tuesday, adding that there was no need for financial support. This growth.

The Texas senator insisted that the bill is not “punitive” but rather “industry rights” that don’t need this kind of help.

Riot Blockchain, one of the largest Bitcoin mining companies in Texas that recently changed its name to Riot Platforms, has been a huge beneficiary of the current stimulus in Texas.

Last summer, it earned up to $9.5 million in energy credits after suspending operations during a heatwave.

Riot’s Rockdale Bitcoin mining facility is believed to be one of the largest in North America, with a total capacity of 750 megawatts. The company has also begun development to develop a 1 gigawatt large scale bitcoin mining and hosting capacity expansion in Navarro County, with an initial capacity of 400 megawatts expected to start in July 2023.

The use of electricity by bitcoin miners is increasing

According to another Reuters Citing Texas Blockchain Council President Lee Bratcher, bitcoin miners in Texas currently consume about 2,100 megawatts from the state’s energy supply, up 75% from last year.

Bratcher also said recent energy consumption nearly tripled from the previous year.

Data from ERCOT also shows that the energy needs of the Bitcoin mining industry in Texas accounted for roughly 3.7% of the state’s lowest projected peak load this year.

Those who opposed the bill and attended testimony included Texas Blockchain Council President Lee Bratcher and the organization’s director of business development, Christine Cranley, as well as Riot Vice President Pierre Rochard.

“Bitcoin mining is uniquely able to cater to the network, unlike any other industry, because it can shut down in an instant and then come back up relatively quickly,” Cranley said.

Bratcher confirmed to me that the Texas bitcoin mining industry directly employs about 2,000 people across the state and another 20,000 in indirect jobs, while working closely with ERCOT to “ensure miners are connected responsibly.”

Pierre Rochard also raised the issue of reducing tax cuts for industry, noting that “these cuts have created hundreds of jobs in the countryside.”

According to Rochard, Riot is currently Rockdale’s number one employer and taxpayer.

Decode I’ve reached out to Riot Platforms and the Texas Blockchain Council for comment and will update the article if we hear back.

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MetaMask warns users about false rumors about AirDrop

  • MetaMask warned its users about false rumors about the AirDrop token on March 31.
  • The rumors probably started after the CEO of ConsenSys mentioned in an interview that his team would be launching a token.

Popular Web3 wallet provider MetaMask has issued a warning to its users regarding rumors of an impending AirDrop that have been circulating for a few days now. Reports of AirDrop have been making the rounds on social media, with many Twitter users falling for the scam.

Crypto influencers have posted guides to participating in AirDrop

The bad actors were likely motivated to spread rumors about AirDrop after ConsenSys CEO Joe Lubin appeared in an interview at ethdenver earlier this month. MetaMask is a product from ConsenSys. During the interview, Lubin, who is also one of the co-founders of Ethereum [ETH]He revealed that his team was looking to launch a token in line with the company’s drive towards decentralization.

Several Twitter accounts posing as the official MetaMask account posted links for people to share the “MASK” AirDrop token. Most of these fake accounts lured people to AirDrop on March 31st.

But MetaMask caught it Twitter Confirming that all the rumors of the airdrop and footage were false, he tweeted:

These rumors are not only false, but they are dangerous. They create opportunities for scammers and scammers. Watch out for fake websites in the coming days.”

MetaMask scams misled influencers

Interestingly, many crypto influencers seem to have fallen victim to fake AirDrop invitations. Many of them sharedstrategieswith his thousands of followers on how to secure more AirDrop tokens.

Many influencers also tweeted guides to help their followers qualify for a fake AirDrop.

information from DappRadar It showed that activity on MetaMask doubled after the MASK AirDrop rumors. Daily transactions rose from 8,600 on March 25 to 21,000 on March 27. The trading volume doubled during that period.

DeFi Protocol SafeMoon loses $8.9 million in exploiting bugs

Decentralized finance (DeFi) project SafeMoon saw its liquidity pool (LP) compromised on Tuesday by a public token error, as an attacker filtered BNB (WBNB) from the protocol.

SafeMoon more dangerous The attack on Twitter revealed that it is working to solve the problem as quickly as possible. However, the platform did not reveal details about the incident.

Over $8.9 million stolen

Shortly after the exploit, blockchain security company PeckShield open That the bug was introduced during the recent update of the project contract, which was initiated by the official SafeMoon Deployer. The company suggested that the admin key might have been leaked, and thus began the upgrade.

Web3 DeFi Mark developer as well to explain The attacker exploited the public burning feature, which allowed users to copy tokens from any address.

This feature allowed the attacker to remove SFM, SafeMoon’s native token, from the project’s WBNB liquidity pool, which led to an artificial rise in the price of SFM.

in the same transaction, Developer He sold the overpriced SFM tokens to the same liquidity pool and spent the remaining WBNB. According to Mark, SafeMoon lost $8.9 million through “extremely blatant exploitation.”

“This is a very primitive exploitation that many companies are contracting into [crypto] Space fell victim. Please don’t allow any user to copy tokens from any address, it’s a bad idea,” Mark added.

Hack or intentional?

While Mark addressed the incident as a hack, many onlookers claimed that the bug was a feature intentionally left in SafeMoon’s contract to allow them to withdraw users’ funds.

The SafeMoon project controversy sparked ugly comments about the incident.

The company is currently facing a lawsuit accusing it of misrepresenting SFM tokens to investors. like encrypted potatoes mentionedProsecutors argued that SafeMoon executives slowly Carpeted Investors following the project’s high prices and trading volume after its launch.

DeFi Protocol SafeMoon Losing $8.9M in Bug Exploit Appeared First on CryptoPotato.

Polkadot Now India 2023: Polkadot’s first global conference in India

Polkadot, the leading next-generation blockchain platform, recently announced that it is hosting the first-of-its-kind global conference on blockchain – Polkadot Now India Conference In India with the aim of entering the Indian ecosystem. The event will be held on 1-2 April 2023 at the Sheraton Grand Hotel, Bangalore.

The two-day conference will feature a range of high-profile projects, including the KILT Protocol, Astar Network, Moonsama, Public Squeeze, Polkassembly, Unique Network, Polkadex, and 30+ diverse spectrum of speakers from the Polkadot ecosystem, including That’s Bill Laboon, Head of Education and Grants at the Web3 Foundation; Gautham Dhameja, Delivery Manager at Parity; and Radha Krishna Dasari, Director of Technical Education at the Web3 Foundation. The event will also feature presentations by industry leaders and experts such as Marc Caccia, Founder of Scytale Ventures, and Andrea Armani, Product and Growth Strategy of Ocean Protocol.

Emily Ostbo, Head of Marketing Ecosystems and Partnerships at Parity Technologies, Comment on the event. “Some of the most innovative developers in the Web3 space are from India, and Bangalore in particular has produced some of the most talented minds in tech. The city is an ideal choice as the location for what some might consider a belated visit to the country. I know many in the Polkadot community are eagerly anticipating a lively event. We look forward to the valuable contributions developers in the region can make to shaping the future of decentralized technology. I congratulate the KILT team for putting together a powerful speaker and I am sure this will be the first of many great events of this scale in India, bringing together the great minds of the Polkadot ecosystem. “

As the first Polkadot Global Conference in India, attendees can expect an in-depth understanding of the Polkadot Network and its potential to revolutionize the blockchain industry through an innovative consensus mechanism and open governance structure.

India is an important hub for blockchain innovation, and we are excited to bring Polkadot Network’s next-generation blockchain technology to the region with our first conference in India.. The conference will introduce developers, researchers, media, investors and other stakeholders to the Polkadot ecosystem, share knowledge and discover new collaboration opportunities for the entire ecosystem,” He said Rishant (Rish) Kumar, Growth Lead, APAC, KILT Protocol

The global conference will include keynote speeches, panel discussions and interactive workshops. In addition to smart contracts and decentralized identity, attendees can expect to hear about Substrate, a modular framework for building a blockchain that can be easily adapted to individual needs and balance compliance with decentralization.

Registration for the Global Conference is now open, and attendance is free, subject to approval. Interested persons can visit the conference website,, for more information.

About Polkadot

Polkadot is a network that provides the technological advancements required to make blockchain technology practical, accessible, scalable, interoperable, and future-proof. It removes restrictions and barriers to entry, thereby spurring innovation, expanding the decentralized technology space, and bringing the Web3 vision to life.

About parity technologies

Staffed by some of the leading blockchain innovators, Principal Engineers, Rust developers and Solution Architects, Parity Technologies has offices in Berlin, London and Lisbon. Polkadot launched with the Web3 Foundation in May 2020 and continues to support and develop the web.

For more information, visit:


Event location:

Registration link:

For media inquiries, please contact:

Rishant Kumar | 9886440187 | feathers

Disclaimer: This is a paid post and should not be taken as news/advice.

Lido: TVL goes down despite requesting stETH, what will the protocol do next

  • Lido’s TVL has fallen over the past week as activity on the protocol has decreased.
  • LDP token prices fell as interest in the elections waned.

Lido Finance [LDO], in a March 28 tweet, reported a 2% drop in Total Value Locked (TVL) over the past week. Despite the high demand for Lido’s stETH in the previous month, the decline in TVL may indicate a bleak outlook.

Is your wallet green? Check out the Lido Profit Calculator

Problems ahead for lido?

One of the reasons for the decline of Lido in TVL could be the decrease in activity on the network. According to Token Terminal data, the number of daily active users on the protocol has decreased by 29.1% in the past few weeks.

This decline in user numbers may be due to the lower APR of Lido. With a lower effective interest rate, it reduces the incentive for users to provide liquidity or stake their assets through the protocol.

Source: Dune Analytics

However, Lido’s wstETH performed well on lending and L2 protocols. On protocols such as MakerDAO and Aave, demand for wstETH increased by 25.96% and 10.6%, respectively.

In L2 solutions, there was a 4.4% increase in wstETH deposits on Optimism and a 3.67% increase in Polygon [MATIC].

Source: Dune Analytics

Also, the LDO week has not been a positive one, as its prices have dropped significantly over the past few days. One of the reasons for the lower price of LDO could be the lower interest from whales that Santiment’s data indicates.

The growth of the LDO network was also taking a hit, indicating that new addresses were not interested in buying the token at the specified price.

Source: feeling

Realistic or not, this is the market cap of LDO in BTC terms

However, it appears that LDO may not fall further because the token’s MVRV ratio has gone negative. A negative MVRV ratio means that most of the LDO token holders are not profitable at the time of publication. Therefore, at the time of publication, they were likely to wait for the LDO price to rise before selling their positions.

Source: feeling

Although LDO prices may rise again in the future, the current price drop may affect the protocol significantly. This is because 82.9% of lido lockers consist of LDO tokens. If prices continue to drop, the protocol may not have enough resources to make improvements to its network.

5 crucial lessons for traders

With SVB’s focus on the niche industry within the US, it is likely that many traders around the world were not directly affected by this particular banking crash. It also didn’t happen a few days ago when Silvergate Bank, which services the intrastate cryptocurrency market, issued a public notice that it was on its way to voluntary liquidation.

Having said that, there is always some kind of fallout when a major US bank goes under. Stock markets in Europe fell on the news and uncertainty about what might lie ahead, with banking stocks falling in Germany and the FTSE 100 closing 2.6% lower. So, traders and investors would do well to take these recent bank failures as distress signals. After all, the SVB collapse is the second largest banking failure in US history and the largest since the 2008 financial crisis.

With SVB as an example, it’s a good time to stop and think about five important tips to keep in mind when the banking sector goes through disaster and banks start to fail.

5 key tips for traders after a bank crash


When a massive hit like the one that hit a few banks in the US happens, the first thing to do is always check if your portfolio is well spread across a variety of sectors and instruments. Although this seems too obvious to say, it is very important not to do this because the vast majority of traders – especially those who are just starting out – will put all their eggs in one basket.

In the most recent example, SVB was heavily exposed to the technology sector and its collapse demonstrated the dangers of excessive concentration in a single industry. Investors who diversified their portfolios were less affected by the SVB crash than those who focused their investments in the technology sector.

Always monitor economic indicators and market sentiment

Hindsight, as they say, is 20/20. In the aftermath of an economic crisis, big or small, it is always easier to look back and point out all the signs that are now evident in retrospect. This is why it is so important to monitor the health of a country’s economy and market sentiment for the instruments and industries in which you are investing.

In the case of SVB, the signs were there for those who were paying attention. The Fed rate hike and constant fear of inflation should have caused any affected trader or investor to make sure their capital was secured.

Understanding of regulations and safeguards

If you’ve ever asked yourself the question, “Who actually reads the terms and conditions?” Better keep SVB in your thoughts. Whether you choose a broker or a bank, it is important that you are subject to and adhere to all regulations, insurance clauses, and any other safeguards in place. This is how your money is protected and kept safe.

For SVB, when it filed its last call report in December 2022, the bank estimated that $151.6 billion of its total deposits were uninsured. No wonder what happened a few months later caused great consternation.

stay informed

In the aftermath of a major event, it is extremely important to stay up-to-date with all the news and developments related to it. What was the effect? How did the government react? What potential systemic risks to the broader financial system have you been exposed to? Is there a possibility of infection? Asking these questions and assessing how things will play out after a crisis is key to preparing for future events of a similar nature.

While the US government assures everyone that the collapse of the SVB is not a harbinger of another financial crisis like the one in 2008, traders and investors around the world are understandably on high alert.

Have a contingency plan

We come full circle to manage your exposure. Portfolio diversification should absolutely be a priority of your risk management strategy even if there seems to be no sign of a crisis. When a large bank fails and an entire sector becomes tense, it becomes clear that your strategy must include a contingency plan. A typical example that traders will be familiar with is the creation of stop-loss orders to help reduce losses in the event of unexpected events or market movements.

After the SVB fails, anyone who trades indices, bank stocks, US dollars, and other assets would be wise to reconsider any contingency exit plans they put into action.

the point

SVB is the latest example of a bank that clearly cannot survive in a high interest rate environment. It caused a small financial storm around the world, and the US government had to respond immediately. Although many fears have subsided and market sentiment has subsided somewhat, this latest bank collapse is a good wake-up call for all traders and investors around the world.

can bring [FET] Will the downtrend end soon? This guide suggests…

  • FET has launched a new wallet related feature called Notyphi.
  • Regardless of active addresses, network health remained decent and metrics looked upbeat in the FET.

The hype around AI tokens seems to have died down. Imuch, recovers [FET] It saw a decrease in the headline numbers. Santiment Charts revealed some metrics for Fetch, which hinted at reduced usage on the blockchain. Daily active addresses and the number of transactions have also fallen sharply in recent weeks.

Source: feeling

is reading recovers [FET] predict the price 2023-24

Fetch has plans afoot

While the scenario at press time looked dire, FET’s latest plans could fuel an influx of new users.

On March 27, Fetch announced the launch of the Web3 Ignition Program. As part of the programme, fat It will reveal new updates and information about the network daily for the next two weeks.

The latest feature launched by FET was wallet related. The function is called NotyphiThrough it, users get important updates directly on their wallet.

With this feature, Fetch wallet users will be able to stay informed about major announcements around the network, such as software updates, partnerships, ecosystem announcements, and network updates. The official announcement stated that in the coming weeks, Notyphi will be the first channel to release Ignition Campaign updates.

Quick health check for the fetch process

While the decline in active addresses raised concern, a closer look at the network’s metrics revealed that some things are working in its favour. For example, thanks to FET plans, network development activity increased last week.

fats network growth was also high, indicating that more new addresses were being used to move the asset. Although the speed decreased, it increased last week. The FET weighted sentiment also showed signs of recovery by slightly increasing.

Source: feeling

with you 1,10,100 feet equals today?

FET recover soon?

CoinMarketCap’s data It indicates that the FET price has fallen by more than 7% in the past 24 hours. At the time of writing, it is trading at $0.3403 with a market capitalization of over $278 million. The good news was that the downtrend might end soon. according to CryptoQuantThe FET’s Relative Strength Index (RSI) and Stochastic were both in oversold positions, which is an important bullish signal.

Source: CryptoQuant

Net deposits on exchanges were down compared to the seven-day average, indicating less selling pressure fat. The supply of tokens on the exchanges registered a decline, while the over-the-counter supply increased slightly. This development was bullish, which gave hope for a trend reversal in the coming days.

Source: feeling

XRP bulls target $0.55 as expectations build on double earnings

the main ideas:

  • On Tuesday, XRP extended its winning streak into four sessions, gaining 7.21% to end the day at $0.51400.
  • The lack of updates from the ongoing SEC v Ripple case allowed hope to continue moving back towards $0.60.
  • The technical indicators are bullish, which indicates a return to $0.60.

On Tuesday, XRP rose by 7.21%. After rising 6.95% on Monday, XRP ended the day at $0.51400. XRP is holding the $0.51 handle for the first time since October 2022.

A mixed start to the day saw XRP drop to an early low of $0.46542. While avoiding the first major support level (S1) at $0.4521, XRP climbed to a late high of $0.53627. XRP has breached a major resistance level. However, a late pullback saw XRP fall through the third major resistance level (R3) at $0.5612 and the second major resistance level (R2) at $0.5157 to end the day at $0.51400.

Betting on a double-digit victory in the SEC v Ripple case sent XRP to $0.536

It was another quiet session on Tuesday, with no updates from the ongoing SEC case against Ripple to affect investor sentiment. The lack of updates made investors go nuts over the victory of Ripple.

newly comments From Ripple President Monica Long and Amicus Curiae attorney John Deaton continued to resonate on Tuesday.

The latest shift in sentiment towards Ripple’s victory came after Ripple filed a letter with the court citing court rulings from Voyager Digital’s bankruptcy proceedings.

The CFTC lawsuit against Binance could not have come at a better time. Presiding Judge Torres can now consider Ripple’s letter with greater conviction following the CFTC’s action against Binance.

Within weeks, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) offered conflicting opinions on whether ethereum (ETH) was a security or a commodity in an already disjointed US regulatory framework. The controversy over ETH’s classification supports a recent ruling by the Chief Justice in the Voyager Digital bankruptcy case.

In Ripple’s letter to Judge Torres, Ripple wrote:

Judge Wiles found that cryptocurrency market participants operate in a regulatory environment that can be described as highly uncertain at best, with regulators themselves appearing undecided about whether cryptocurrencies are CFTC-regulated commodities or whether they are regulated securities. To securities laws, or not, not even to the standards that should be applied to make decisions.”

Judge Wells went on to say,

“Uncertainty persists even though cryptocurrency exchanges have been around for several years.”

A win for Ripple would be a coup based on a fair defense message. The recent conflict between two organizations responsible for overseeing the digital asset space should put Ripple on a firmer footing.

next day

You should consider updates from the SEC v. Ripple, with judgments on recent court filings, Hinman documents, and brief judgment responses as focal points.

But the lack of SEC v Ripple case updates would leave regulatory activism and legislative chatter to sway. Binance and Coinbase (COIN) remain in the spotlight as US regulators crack down on the digital asset space.

XRP price action

At the time of writing, XRP is up 1.17%, reaching $0.51999. A bullish start to the day saw XRP climb from its opening price of $0.51399 to an early high of $0.52331.

XRPUSD 290323 daily chart

Technical indicators

XRP needs to avoid the $0.5052 pivot to target the first major resistance level (R1) at $0.5450. A move through Tuesday’s high of $0.53628 could indicate another bullish session. However, the SEC v Ripple chatter should support the hack.

In case of another extended rally, XRP is likely to test the $0.55 resistance but break below the second major resistance level (R2) at $0.5761. The third major resistance level (R3) is located at $0.6469.

A fall through the pivot would activate the first major support level (S1) at $0.4742. However, barring a broad cryptocurrency sell-off, XRP should avoid below $0.47 and the second major support level (S2) at $0.4344. The third major support level (S3) is located at $0.3635.

XRPUSD 290323 hourly chart

Both the exponential moving average and the 4-hour candlestick chart (below) are sending bullish signals.

At the time of writing, XRP is above the 50-day moving average, currently at $0.45111. The 50-day EMA has moved away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA. The EMA has provided bullish signals.

A wait above S1 ($0.4742) and the 50-day EMA ($0.45111) would support a breakout from R1 ($0.5450) targeting $0.55 and R2 ($0.5761). However, a decline through S1 ($0.4742) would play into the 50-day ($0.4511) and S2 ($0.4344). A dip through the 50 day EMA could send a bearish signal.

XRPUSD 290323 4-hour chart

XRP Bulls Target $0.55 as Ripple Gain Expectations Grow – Coinphony [SV]

The Department of Justice alleged that Sam Bankman Fried bribed Chinese officials in the amount of $40 million

Former FTX CEO Sam Bankman-Fried (SBF) has received a new lawsuit from the Department of Justice (DOJ) for sending millions of dollars in bribes to Chinese government officials.

The department alleges the bribe, valued at $40 million, was to induce the government to unfreeze accounts linked to FTX’s sister trading firm, Alameda Research.

SBF bribed China

In a superseded indictment updated Tuesday, the DOJ alleged that SBF “directed and caused the transfer of at least $40 million in cryptocurrency” to open Alameda accounts, for the benefit of “one or more Chinese government officials.”

This comes in the top 12 previously accusations From the Anti-Bankman-Fried Division, including bank fraud, commodity fraud, bank fraud, and more.

According to the filing, Alameda’s accounts were frozen by Chinese police “in or about November 2021” and contained over $1 billion in cryptocurrency. CNBC reported that the plaintiffs tried “multiple avenues” to open these accounts, only to resort to bribes after exhausting all other options.

After unlocking this money, the company allegedly used it to continue trading at a loss in Alameda Research. Alameda is widely suspected embezzled FTX clients’ money to trade, losing billions of dollars in assets in the process.

Although Bankman-Fried has denied all allegations of fraud, much of its executive circle — including former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang — Admission of guilt.

Nishad Singh, Chief Engineering Officer, FTX join Ellison and Wang later pleaded guilty, also admitting to money laundering and campaign finance violations. He allegedly conspired with the SBF to make tens of millions of dollars in illegal donations to political candidates in a straw donation scheme involving more than 300 individual donations.

Pinkman Fried Political Affairs

The SBF’s political ties are no secret: The former CEO has appeared regularly on Capitol Hill for meetings with SEC Chairman Gary Gensler, and he has also reportedly traveled with former CFTC Chairman Mark Wetjen.

Chicago Mercantile Exchange CEO Terry Duffy said in November that Congress appeared hostile for his criticism of Bankman-Fried, which was one of the Democratic Party Largest single donor. The SBF alleged that while his political donations were large, he used “black money” to send a roughly equal amount to Republican candidates.

Republican Congressman Tom Emmer claimed To receive reports in December that Bankman-Fried had conspired with the SEC to create a regulatory monopoly in exchange operations.

After Sam Bankman-Fried bribed Chinese officials with $40 million, the Department of Justice alleges, he made his first appearance on CryptoPotato.