Day: May 24, 2023

Legendary Trader Peter Brandt Says Bitcoin (BTC) Forming Shakeout Pattern – Here’s His Outlook – The Daily Hodl

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[ad_1] Legendary trader Peter Brandt is warning that Bitcoin (BTC) is showing the makings of a bearish pattern. Brandt tells his 696,600 Twitter followers that Bitcoin’s price action appears to indicate that a bearish pennant or flag pattern is developing, indicating another leg down is imminent. “This is known as a pennant or flag and has short-term bearish implications unless negated by close above mid-point highs.” Source: Peter Brandt/Twitter Bearish pennant and flag patterns are both used in technical analysis to forecast abrupt moves down. They are slightly different patterns…

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China’s state TV crypto broadcast “big deal”, Binance CEO says

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[ad_1] Binance CEO Changpeng Zhao says China’s state TV crypto broadcast is “a big deal.”  He notes that previous coverage has historically been bullish for crypto. His comments come as Bitcoin price struggled to stay above $26k on Wednesday. Binance CEO Changpeng Zhao, popularly known as CZ, says China broadcasting a crypto segment on state broadcaster China Central Television is “a big deal” and that such broadcasts have previously coincided with a subsequent uptick in crypto prices. According to CZ, the broadcast has “Chinese speaking communities buzzing,” given how such…

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ARPA, IRIS, CREAM, BEL Waves prices rise as BTC retreats

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[ad_1] Bitcoin and most cryptocurrencies were deeply in the red on Wednesday. The same was true in the stock market, where the Dow Jones and Nasdaq retreated. Several altcoins like ARPA, CREAM, IRIS, and Waves soared. Cryptocurrencies and stocks slumped hard on Wednesday as concerns about the debt ceiling continued. Bitcoin remained below the support at $27,000 while the Dow Jones and the Nasdaq 100 indices retreated by more than 1%. Safe havens like the US dollar index (DXY) jumped. Debt ceiling crisis continues The main catalyst for the ongoing sell-off…

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Binance’s Chief Communications Officer Debunks Reuters’ Claims, Denies Alleged Financial Irregularities

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[ad_1] Binance’s Chief Communications Officer, Patrick Hillmann, took to Twitter to vehemently deny allegations of Binance commingling customer and company funds as reported by Reuters. Hillmann called out the story as weak and filled with conspiracy theories. In his tweet thread, Hillmann highlighted that the Reuters article revolved around the term “deposit” used on the transaction page when users purchased Binance’s stablecoin, BUSD, issued in partnership with Paxos. Hillmann clarified that users were merely buying a stablecoin, and it was explicitly stated that the stablecoin was redeemable by Paxos. He…

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Bitfinex and Chile’s OrionX partner to accelerate crypto adoption in Latin America

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[ad_1] Key takeaways Bitfinex has entered a strategic partnership with OrionX. The two companies will work towards accelerating cryptocurrency adoption in Latin America. OrionX is expanding its services to Mexico, Peru, and Colombia.  Bitfinex announces a strategic partnership with OrionX Bitfinex, a state-of-the-art digital asset trading platform, announced on Wednesday, May 24th, that it has partnered with the leading Chilean crypto firm Orionx. According to the press release shared with Coinjournal, the two entities will work together to promote financial freedom and inclusion throughout Latin America.   While commenting on…

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IRS To Send Crypto Experts Worldwide in Pilot Program To ‘Combat Cybercrime’

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[ad_1] The U.S. Internal Revenue Service (IRS) is launching a pilot program to combat cryptocurrency-related cybercrime worldwide. According to the IRS, the federal agency is sending four attachés with extensive cybercrime investigative experience to four continents – Asia, Europe, South America and Australia – to work with their law enforcement counterparts there. Says Jim Lee, head of IRS Criminal Investigation (IRS-CI), “In order to effectively combat cybercrime, we need to ensure that our foreign counterparts have access to the same tools and expertise we have here in the United States.…

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