Crypto Mountains

2023-03-02 22:00:04 ​Terra Luna Classic Price Prediction as LUNC Blasts Up 7.4%

The Terra Luna Classic price has risen to $0.00017240 today, with the coin rising by as much as 7.4% in the past 24 hours. The spike has been caused by anticipation surrounding the next Binance burn update, with the exchange set to report today on how much LUNC it has burned since last November.

Despite today's spike, LUNC remains up by only 4% in the last 30 days. However, if Binance's update does reveal the large burn count that many are expecting, LUNC could see further gains in the coming days.

LUNC's indicators suggest that now may be a very good time to buy. Its relative strength index (purple) has jumped from just under 50 to 70 in the past few hours, signalling some very strong buying momentum.
Encouragingly, LUNC's 30-day moving average (red) has begun rising up towards its 200-day average (blue). That it remains below the longer term average could mean that this rally has plenty of time left before it runs out of steam.

If LUNC can break the $0.0000175 resistance level the rally could reach new levels. It did temporarily breach this level this morning, yet it came back down, suggesting that it may still be a little early for a breakout. Open / Comment

2023-02-27 21:30:02 ​​GBTC approval could return a ‘couple billion dollars’ to investors.

Grayscale Investments’ boss, Michael Sonnenshein, said that if GBTC got the green light to “convert” to a spot Bitcoin ETF, there would “no longer” be a discount or a premium amid ongoing legal action against the SEC.

In a recent interview, Grayscale Investments’ CEO Michael Sonnenshein stated he “can’t imagine” why the United States Securities and Exchange Commission (SEC) “wouldn’t want” to protect Grayscale investors and return the true asset value to them.

In a Feb. 25 interview on What Bitcoin Did, a popular podcast hosted by Peter McCormack, Sonnenshein explained that the SEC “violated the administrative procedures act” by denying approval for the Grayscale Bitcoin Trust (GBTC) to be a spot Bitcoin exchange-traded fund (ETF), in June 2022.

He explained that this act ensures the regulator doesn’t show “favoritism” or act “arbitrarily,” adding that the SEC acted “arbitrarily” by approving Bitcoin Futures ETFs while rejecting “GBTC’s conversion.“

Sonnenshein noted that when the SEC started approving the first Bitcoin ETFs, Grayscale took it “as a sign” that the SEC was “changing their attitude to Bitcoin.”

He said there is a “couple billion dollars” of capital that would immediately go back into investors’ pockets, on an “overnight basis,” if GBTC was approved as a spot Bitcoin ETF, as the fund would “bleed back” up to its net asset value (NAV).

Sonnenshein explained that this is due to GBTC currently trading at a discount to its NAV, but if it were to convert to an ETF, there would “no longer” be a discount or a premium; there would be an “arbitraged mechanism” embedded.

He reiterated that Grayscale is in the process of “suing the SEC now,” and could have a decision challenging the SEC’s denial of its initial application by as early as “fall 2023.”

He also noted that Grayscale has over a “million investor accounts,” with investors worldwide counting on the firm to “do the right thing for them.”

Sonnenshein “can’t imagine” why the SEC wouldn’t want to “protect investors” and “return that value” to them. Open / Comment

2023-02-24 22:30:00 ​​SEC Filing ‘May Help South Korean’s Prosecutors’ Do Kwon Case’

The US Securities and Exchange Commission (SEC)’s legal filing against Terraform Labs and its CEO Do Kwon “could help South Korean prosecutors’ case against Kwon,” a report has claimed.

Per the Hankook Ilbo, a major South Korean newspaper, the SEC’s status as a “quasi-judicial body” will help South Korean prosecutors’ cause. Previously, legal experts have claimed that prosecutors might struggle to convict Kwon of securities violations. This is due to the fact that South Korean law does not classify cryptoassets as securities.

South Korean prosecutors’ case against Kwon could hinge on whether they can convince a domestic court that Terra ecosystem coins are in fact securities. If they can, they may be able to prove that Kwon sold unregistered coins – knowing that they were actually securities.

A prosecution spokesperson stated:

“The SEC’s filing is a positive development. Since it is South Korean courts that determine the nature of virtual assets in Korea, we will focus on proving that [Terra coins are] securities while observing trends in US law.” Open / Comment

2023-02-21 20:00:19 ​Shiba Inu Price Prediction as SHIB Spikes Up 7% in a Week

The Shiba Inu price has fallen by 2.5% in the last 24 hours, dropping to $0.00001331 as the wider market remains barely unchanged from yesterday. Its current level marks a 7% gain the past week and a 12% rise in the last 30 days, with SHIB benefitting from a combination of improved investor sentiment and expectations surrounding the launch of the Shibarium layer-two network.

Seeing as how Shibarium will help the Shiba Inu network become faster and cheaper, many experts are predicting that SHIB to rise strongly following its launch. And combined with the later launch of SHIB: The Metaverse, 2023 could end up being a very good year for the meme token, even if big rallies may not be forthcoming in the shorter term. Open / Comment

2023-02-21 16:00:27 League of Traders is a social trading app that gamifies the crypto trading experience. This month they will be running a trading competition on BitMEX where users can win a prize pool of up to $40,000 AND several bonus prizes worth thousands. The more users join, the higher the prize pool will be!

Additional prizes include a volume bonus worth up to $800, a participation bonus for every user who makes a trade, a $30 new user bonus, AND they are currently running a giveaway on their Twitter account where several winners will receive $50.

This is LoT’s 9th contest on BitMEX, after previously hosting events on Bybit, Binance, Phemex, and more!

Make an account on League of Traders and link your BitMEX account to get started! Sign up now and you’ll get a $5 participation bonus!

Sign up here: https://event.leagueoftraders.io

$50 Twitter giveaway: https://twitter.com/leagueoftraders

LoT Instagram: https://www.instagram.com/leagueoftraders.io/

LoT Telegram: https://t.me/leagueoftraders_official Open / Comment

2023-02-19 16:00:21 ​ ATTENTION TRADERS

The greatest Brazilian Token is now reaching the world for you at Lbank Exchange (top 15) on February 20 - 12:00 UTC

Let's check more about Wibx and their achievements

Wibx Ad platform
Wibx was founded in 2018 and has reached a user base of 617.000 users in its app platform.

The True Web3 Utility Token
The project also expanded their operations to serve basically all sectors of Web3: Metaverse, Whitelabel, Games, and also being seen on real-life payments.

Metaverse
The project carries out several activations with famous brands, such as: "Risqué" and "Natura". Wibx is also developing a virtual metaverse mall using Wibx token.

Real Life Payment Solutions
Wibx also successfully applied technologies to solve real-life problems that no project solved earlier.

Wibx is accepted as a payment method in the biggest supermarket chain in Brazil, and in large stores in the capital São Paulo

The Next Step Event
Last year, Wibx showed its technology to the biggest entrepreneurs and institutions in Brazil. Managing to gather around 15% of Brazil's GDP in just one place.

With its global expansion and technologies, The project hopes to reach $40 million income in 2023

Check out the project now : https://bit.ly/Wiboo-Cria
Follow them now on-
Telegram: https://t.me/wibxinternational

Don't Miss it out Open / Comment

2023-02-18 20:00:14 ​​Do Kwon removed 10K Bitcoin from Terra after collapse — Takeaways from SEC complaint.

The SEC complaint included allegations around claims of TerraUSD’s peg, Terra’s relationship to Chai, and co-founder Do Kwon cashing out for millions.

A complaint filed by the United States Securities and Exchange Commission said Terra co-founder Do Kwon and Terraform Labs laundered more than $100 million worth of Bitcoin from the platform following its collapse in May 2022.

According to the SEC complaint filed in the U.S. District Court for the Southern District of New York on Feb. 16, Kwon and Terraform have transferred more than 10,000 Bitcoin from the platform and the Luna Foundation Guard to a cold wallet, then to a Swiss bank account to convert to fiat. The financial regulator said that the Terra co-founder and his company might have access to more than $100 million in cash since withdrawals started in June 2022.

In addition to identifying the stockpile of Bitcoin, the SEC said Kwon and Terra artificially restored TerraUSD’s (UST) dollar peg — the stablecoin had been one of the largest by market capitalization at the time the platform collapsed. According to the complaint, the platform solicited a third party to purchase “massive amounts of UST to restore the $1.00 peg” when it dropped below $1 in May 2021, misleading investors as to its stability and reliability:

“UST’s price falling below its $1.00 ‘peg’ and not quickly being restored by the algorithm would spell doom for the entire Terraform ecosystem, given that UST and LUNA had no reserve of assets or any other backing.”

The SEC also claimed several of the tokens involved in the collapse of Terra were “crypto asset securities” falling under its regulatory purview. According to the SEC, these tokens included UST, LUNA and wrapped LUNA, as well as MIR tokens and mAssets developed under Terra’s Mirror Protocol.

“Defendants solicited investors for these crypto assets by touting their profit potential,” said the SEC. “Defendants repeatedly stated that the crypto assets would increase in value based on Terraform’s development, maintenance, and promotion of its blockchain, protocols, and the entire Terraform ecosystem.” Open / Comment

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2023-02-17 16:00:24 US Prosecutors: Bankman-Fried Needs to Get Off the Internet – Urging to Stay Offline

US prosecutors have been giving Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, a bit of a hard time. In an effort to rein him in, they’ve proposed new internet usage limitations – deeming the existing

Read more https://theblockopedia.com/us-prosecutors-bankman-fried-needs-to-get-off-the-internet-urging-to-stay-offline/ Open / Comment

2023-02-17 14:00:24 ​ CryptoUnity, a beginner-friendly cryptocurrency exchange, has launched an ICO to provide an easy introduction to cryptocurrency trading with training and support. The exchange has already achieved significant milestones, including three successful phases of pre-sales, a global partnership with Lenovo, and the highest Audit Trust Score on CertiK at the start of 2023.

Additionally, the exchange has over 1,500 customers and is ranked first on the "Top 5 Crypto Projects with Highest Audit Trust Score in 2023" list published on Binance Feed.
The ICO's first phase is currently ongoing, and interested investors can join the whitelist at CryptoUnity to purchase CUT tokens at the best prices.

By investing in CryptoUnity, investors can capitalize on the growing number of beginners entering the cryptocurrency market and potentially multiply their investment. Open / Comment