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Reading time: ~2 m Crypto market researchers noted that the actions of whales or large crypto investors indicate a low probability of a quick trend reversal. In particular, the 14-day cryptocurrency relative strength index (RSI) dropped below 30. This means that the market has fallen too quickly and now the bears can take a breather. The last time a similar oversold value was recorded in May 2021. According to Lennard Neo, head of research at Stack Funds, a daily RSI at an all-time low does not mean that Bitcoin (BTC) has bottomed out. However, a good consolidation phase is needed…

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Reading time: ~2 m Anthony Pompliano linked the recovery of the first cryptocurrency with the activity of large investors The opinions of experts may not coincide with the position of the editors. “RBC-Crypto” does not give investment advice, the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses. Morgan Creek Digital co-founder Anthony Pompliano explained in which case the Bitcoin trend will reverse and the coin will be able to return to growth. According to Pompliano, the value of the cryptocurrency can recover only in the event of massive purchases of…

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Reading time: ~2 m The European Parliament has approved an initial draft law aimed at curbing the invasive advertising practices of large corporations. 530 deputies voted for the initiative, 78 voted against. Yes! with a huge majority, the European Parliament adopted the Digital Services Act. A big win, with support from left to right 💪!Special thanks to all the colleagues that worked so hard to achieve this result. (cc @SchaldemoseMEP) #DSA #DigitalServicesAct pic.twitter.com/1wiVfCqlw2 – Paul Tang (@paultang) January 20, 2022 “The European Parliament has adopted the Digital Services Act by an overwhelming majority. A big win with support from left…

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Reading time: ~2 m Well-known investor and author of the financial literacy bestseller Rich Dad Poor Dad, Robert Kiyosaki, took to Twitter to comment on Bitcoin’s recent crash to $35,000. Kiyosaki considers the significant decline in the price of bitcoin to be great news. He reminded his followers that he bought bitcoin when it was trading at $6,000 and $9,000. After that, he repeatedly bought coins on the fall. Now the author of Rich Dad Poor Dad says he will definitely buy more if the price of the main cryptocurrency tests the $20,000 level. In addition, Kiyosaki called silver the…

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Reading time: ~2 m XRP is declining towards support at $0.50, there are no signs of the end of the fall. Indicators on the daily chart remain bearish. The long-term scenario on the chart is a continuation of the fall. XRP is trading at $0.57, having lost almost 7% on the day. On Saturday, the price fell to a local low of $0.5483, and after that the price is under strong selling pressure. The sell-off comes against the background of a broader cryptocurrency market, which, in turn, is under pressure from a difficult macroeconomic situation, in which investors began to…

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Reading time: ~2 m The Advertising Standards Authority of Ireland (ASAI), which monitors cryptocurrency advertising in the country, has received complaints about investors being misled by crypto projects. The agency said it had received four complaints since 2019, two of which were in relation to the crypto-meme Floki Inu. An advertisement for the project was placed on the Dublin Bus sidings in 2021. Curiously, the project has already been audited by regulatory authorities in the UK. The Office clarified that all four complaints are now under review. ASAI noted that it is overseeing the approach of the UK regulators to…

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As part of the creation of a new game, a Belarusian company distributed 360 out of 10,000 exclusive NFTs to its employees The Belarusian company Gismart distributed non-fungible tokens (NFT) to its employees in the form of bonuses. The company announced this on its official website. Bonuses are issued based on the results of overcoming a billion total downloads of the company’s applications. Employees were given 360 NFTs from the BillionPeeps collection. A total of 10,000 copies will be made. Source: opensea.io The collection itself will be presented in the new project of the company, the release of which is…

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Reading time: ~2 m An unnamed official from the US White House administration confirmed previously published information that the country is preparing to adopt legislation on cryptocurrencies. He stressed that the information that appeared in Bloomberg over the weekend is true. Now the highest ranks of the country are really finalizing a new set of rules regarding digital currencies. According to the politician, who wished to remain anonymous, the document will be released as early as February 2022. The official noted that it was developed by the government in collaboration with key US financial regulators. Market analysts said that the…

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Reading time: ~2 m The relative strength index of bitcoin has fallen to the lows of 2020. Why is it good? RSI, or the Relative Strength Index, is a popular indicator that allows you to predict a trend reversal for assets. And it hit the lows for bitcoin last seen in early 2020. The fall indicates a possible trend reversal – crypto investors can breathe a sigh of relief, because the decline in RSI is often followed by an increase in BTC quotes. True, with one amendment: this rise is usually local and short-term. In March 2020, when the RSI…

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Representatives of the Solana blockchain project gave their comments after the new network shutdown. Users previously reported that Solana experienced another outage on January 21 and 22, 2022. 2 days after this event, the organization’s employees spoke in detail about the causes of the incident and what actions they are going to take in order to avoid similar problems in the future. The company’s specialists stressed that they faced a flurry of criticism from users. The latter noted that there have been too many network outages over the past year. The creators of the project confirmed that the latest problems…

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