News – Page 60

SOL Dives 7% Daily, is $15 The Next Big Target? (Solana Price Analysis)

SOL failed to maintain its price within the descending triangle, and with the support at $20 turned into resistance, it’s currently in search of support. The most likely area where Solana can stop this selloff is found at $15. Support at $17 may provide a relief bounce, but considering this momentum, it is unlikely to hold for long. The daily MACD is in freefall, and there are no signs that this downtrend will end at this time. The bias for SOL is bearish.

Source: Duo Nine, 2023-03-09; https://cryptopotato.com/sol-dives-7-daily-is-15-the-next-big-target-solana-price-analysis/

U.N. Members Agree on a Landmark Treaty to Protect International Waters

International waters cover areas beyond 200 nautical miles (370 kilometers) from the shore. They do not fall under jurisdiction of any state and have been subject to barely any restrictions on fishing and exploitation of marine resources. The agreed framework provides tools for the establishment and management of marine protected areas. It is envisaged to be critical in facilitating the pledge of the 2022 U.N. Biodiversity Conference (COP15) to preserve 30% of the land and water surface by 2030. The agreement also covers conditions of the use of marine genetic resources, which are increasingly thought to have commercial value.

Source: Written by Josef Skrdlik, 2023-03-10; https://www.occrp.org/en/daily//en/daily/17397-u-n-members-agree-on-a-landmark-treaty-to-protect-international-waters

Shiba Inu (SHIB) Tumbles 7% on Concerns About Shibarium Code

Shiba Inu (SHIB) saw its price tumble throughout the past 24 hours. This comes as some users found out that the chain ID of Shiba inu’s blockchain – Shibarium – is the same as that of another network. Using an ID that already exists is just incompetent as your chain wouldn’t work properly and everyone trying to interact with your chain would instead interact with the other chain. It will allow us to meet the army and remain organized in the process. Finally, it will help us find the right validators.

Source: George Georgiev, 2023-03-16; https://cryptopotato.com/shiba-inu-shib-tumbles-7-on-concerns-about-shibarium-code/

Here’s Everything You Need to Know About the Latest Grayscale-SEC Developments

Grayscale presented its first oral arguments in its lawsuit with the Securities and Exchange Commission (SEC) on Tuesday. CEO Michael Sonnenshein walked away feeling “very encouraged.” The executive spoke on Wednesday about the crux of Grayscale’s argument and why the SEC’s refusal to approve a Bitcoin spot ETF is “arbitrary and capricious” After approving the first Bitcoin futures ETF in October 2021, the SEC has denied various spot ETF applications.

Source: Andrew Throuvalas, 2023-03-09; https://cryptopotato.com/heres-everything-you-need-to-know-about-the-latest-grayscale-sec-developments/

ADA Surges 15% Off Critical Support, Here’s the Next Target (Cardano Price Analysis)

ADA finally found good support at 30 cents from where the bulls managed to turn the momentum in their favor. This show of strength has turned the chart bullish, which could see ADA move higher later this week. If buyers break the resistance at 35 cents, this cryptocurrency could target 38 cents next. Buyers need to keep the pressure up to protect their most recent gains. This is a significant change in the momentum and may signal the start of a sustained reversal. The bias for ADA is bullish. With this latest bounce off support, ADA has turned bullish based on the momentum indicators.

Source: Duo Nine, 2023-03-16; https://cryptopotato.com/ada-surges-15-off-critical-support-heres-the-next-target-cardano-price-analysis/

Circle Claims to Have Cleared ‘Substantially’ All USDC Minting and Redemption Backlog

The USDC depeg caused significant turmoil in the market last week. The stablecoin issuer Circle claimed that it has cleared “substantially all of the backlog of minting and redemption requests for USDC” In a recent statement, Circle said it had redeemed $3.8 billion of USDC tokens over the period and minted $800 million. “Circle has worked tirelessly to re-initiate services with alternative banking partners, particularly payment and USDC redemption services,” the company said.

Source: Chayanika Deka, 2023-03-17; https://cryptopotato.com/circle-claims-to-have-cleared-substantially-all-usdc-minting-and-redemption-backlog/

Georgian Parliament to Discuss Draft Law on ‘Agents of Foreign Influence’

Proposed law would require NGOs and media outlets who receive more than 20% of their funding from abroad to register as “agents of foreign influence” They would also have to submit annual financial statements, facing fines of roughly US$9,400 and scrutiny from the Ministry of Justice for failure to comply. The proposal is seen as part of a larger trend in the region of cracking down on civil society and independent media through legislation inspired by Russia’s notorious “foreign agent” law.

Source: Written by Nana Bregadze and Aidan Iusubova, 2023-02-18; https://www.occrp.org/en/daily//en/daily/17338-georgian-parliament-to-discuss-draft-law-on-agents-of-foreign-influence

Rio Tinto Mining Company Pays $15 Million to Settle US Bribery Accusations

Rio Tinto paid $10.5 million to a friend of former Guinean President Alpha Condé to retain globally important iron ore rights. The SEC found that the consultant in the middle of the scandal paid $200,000 to buy T-shirts for Condé’s re-election campaign, soon after receiving his first payment from Rio Tinto. While the settlement anonymises individuals connected to the bribery,reveal that the unnamed “senior government official” is President Condé, and the anonymous “French investm’

Source: Written by Daniel Balint-Kurti, 2023-03-13; https://www.occrp.org/en/daily//en/daily/17407-rio-tinto-mining-company-pays-15-million-to-settle-us-bribery-accusations

Crypto Price Analysis Feb-24: ETH, XRP, ADA, DOT, LINK

Einsteinia’s price action was rather tame this past week and only booked a 0.5% increase. This highlights that this cryptocurrency is in a consolidation period at around $1,600. The key resistance is found at $1.700, and the support is holding well at $ 1,550. Looking ahead, ETH may benefit from the most recent news that Coinbase has launched its own L2, which is built on top of Optimism. Called Base, this L2 does not have its own token, and ETH will be used for fees.

Source: Duo Nine, 2023-02-24; https://cryptopotato.com/crypto-price-analysis-feb-24-eth-xrp-ada-dot-link/

And the Oscar Goes to “Navalny”

“Navalny” follows an investigation by the outlet Bellingcat and CNN into theof Alexei Navalny with the deadly Novichok nerve agent in August 2020. Alexei’s wife Yulia, together with their children – daughter Daria and son Zahar – joined director Daniel Roher at the stage in Los Angeles, to receive the Academy Award. “We must not be afraid to oppose dictators and authoritarianism wherever it rears its head,” Roher said.

Source: Written by Zdravko Ljubas, 2023-03-16; https://www.occrp.org/en/daily//en/daily/17416-and-the-oscar-goes-to-navalny

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