Bitcoin Price Faces Rejection, Why BTC Could Resume Its Downtrend
Bitcoin price attempted a recovery wave from the $15,500 support zone. BTC climbed above the $16,000 and $16,500 resistance levels. The next major support is near the $16,130 zone or the 50% Fib retracement level of the recent increase from the $15,470 swing low to the $16,791 high, below which the price might gain bearish momentum. In the stated case, the price might drop toward the $15,500 support zone. (newsbtc)
Cardano DeFi Project Ardana Halts Development, Citing Funding, Timeline Concerns
Ardana (DANA), a once-promising decentralized finance project built on perennial top-ten proof-of-stake blockchain Cardano (ADA) has halted development. The project cited “funding and project timeline uncertainty” as the reason for ceasing operations, in a tweet addressed to the Ardana community yesterday. (Coindesk)
Infura Collecting MetaMask Users' IP, Ethereum Addresses After Privacy Policy Update
ConsenSys has informed users that it is set to collect additional data from those using its popular Infrura tool, attracting criticism on social media in the process. Infura is an API-based tool that allows users to connect their application to the Ethereum network, which provides the basis for many key Web3 projects, such as Aragon, Gnosis, OpenZeppelin, and ConsenSys’s own flagship wallet service MetaMask. (Decrypt)
'Avengers' Directors to Bring FTX Miniseries to Amazon
Amazon has ordered a miniseries based on the collapse of crypto exchange FTX from the directors behind Marvel's "Avengers" franchise. According to film trade paper Variety, Joe and Anthony Russo, the directors of "Avengers: Infinity War" and "Avengers: Endgame," as well as Netflix's "The Gray Man," will produce the eight-episode series through their production company ABGO. The Russo brothers are also in talks to direct the series as well as executive producing. (Decrypt)
Singapore Police Probe Hodlnaut for ‘Possible Cheating and Fraud’
Singapore’s white-collar crime investigation unit, the Commercial Affairs Department (CAD), on Wednesday, launched a probe into troubled crypto lender Hodlnaut for “possible cheating and fraud,” according to an official statement. Between August and November, the police received “multiple reports” that Hodlnaut and its directors had made “false representations” about the lender’s exposure to “a certain digital token.” (Decrypt)
Markets: Bitcoin Little Changed, Ether Rises Ahead of ‘Shanghai’ Upgrade, XRP Climbs
Bitcoin traded little changed Friday morning in Asia, while Ether rose amid a mixed performance by the top 10 non-stablecoin cryptocurrencies by market capitalization. XRP was the biggest winner ahead of deadlines for filing briefs in the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. Ripple’s payment network is powered by XRP. (forkast)
Litecoin (LTC) To Breakout Soon After Years of Accumulation, Expert Analysts Forecast
According to CryptoKaleo, a pseudonymous crypto analyst, the peer-to-peer internet currency has been dumping since the year began and he believes a breakout is near for LTC. Per Kaleo’s analysis of the LTC/BTC chart, LTC is picking up steam to move out of the bearish channel. The chart shows that if LTC breaks the 0.004650 mark ($77.7 worth of BTC), the altcoin could rally to 0.02 on the LTC/BTC ratio chart. At the time of writing, LTC is trading for 0.004685 BTC per coin. (Timestabloid)
ApeCoin Geo-Blocks US Stakers, two Apes Sell for $1M Each, Marketplace Launched
United States-based ApeCoin holders could miss out on staking rewards after the U.S. was added to a list of regions geo-blocked from using an upcoming APE staking service. Blockchain infrastructure company Horizen Labs, which is building the site on behalf of the ApeCoin decentralized autonomous organization (DAO), revealed the news in a Nov. 24 update regarding ApeStake.io on Twitter, saying “unfortunately, in today’s regulatory environment, we had no good alternative.” (Cointelegraph)
Solana ($SOL) Price Could Soon Rebound as Traders Capitulate, Data Shows
According to data from on-chain analytics firm Santiment, the fear, uncertainty and doubt (FUD) surrounding Solana could lead to a rebound “until traders slow down their nearly unanimous bets against $SOL’s price.” Solana is at the time of writing trading close to the $15 mark, after falling to a low of around $11 earlier this month. The cryptocurrency’s price plunged after the collapse of crypto exchange FTX and its sister firm Alameda Research after a bank run on the platform.
Singapore’s Police Probes Hodlnaut for Suspected Fraud
Troubled crypto lender Hodlnaut is now faced with a probe from Singaporean authorities over possible fraud and cheating offences.
