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02/16/2022

SHIB token price could dissolve to 15% anytime from now.
Shiba Inu can invalidate the 15% decline if it records a price of $0.00003057.
Traders’ buying behavior can also be a fact to invalidate the decline.
Shiba Inu (SHIB) may perform market correction to almost 15% — meaning SHIB will retrace from its current price of $0.00003042 downward if the crypto fails to maintain its market performance.

The suggested 15% decline follows Shiba Inu’s rally at the beginning of February. To note, the SHIB price reversal in February is said to be the new unseen pillar that will facilitate the forecasted Shiba Inu’s 15% correction, as reported by Fxstreet.com.

TradingView: SHIB/USD Chart

For Shiba Inu to invalidate the 15% downtrend, it has to go bullish to a certain height and record a price of $0.0000342. By doing this, the crypto will gain strength to overcome the bearish market. In addition, this will substantially push SHIB ahead to start a new price upsurge.

At the time of writing, Shiba Inu’s price is $0.00003057 with a 24-hour volume of almost $1.6 billion, based on CoinMarketCap data. Also, the SHIB token has a growth rate of 0.25%. These statistics rank Shiba Inu as the 14th largest cryptocurrency in the world.

Lastly, traders’ buying behavior can be a factor to invalidate SHIB’s 15% decline. In other words, if traders continue to accumulate more SHIB tokens rather than sell, Shiba Inu will survive the projected bearish market.

02/16/2022

Bitcoin and Ethereum prices surge as Russian-Ukraine relations remain a factor.
More altcoins were affected by the avalanche surge this weekend.
SEC orders BlockFi to pay $100 million in penalties for its schemes.
Bitcoin and Ethereum prices have surged as the global crypto market hovers on the green side of the chart, with tensions surrounding Ukraine alleviating, prompting renewed interest for digital assets from investors.

For the first time since the end of last week, the largest cryptocurrency by market value, Bitcoin, saw an increase of as much as 5.2%.

The surge also affected other digital tokens, with Ether spiking to 7% to over $3,108.17 and Aave about 7%. At one point, XRP had an increase by 4.58% at $0.8331, while Solana shot up to 8.39% at $102.20.

Polygon’s price went up by 9.63% at $1.79. More altcoins, particularly Dogecoin and Shiba Inu, were up by 2.79% at $0.15 and 2.79% at $0.00003129, respectively.

On Tuesday, Russia announced that some troops are returning to their regular bases after concluding their drills, resulting in US equity round-up and stocks spikes. However, US warnings of a possible Russian attack on Ukraine have been magnified this week.

In other news, cryptocurrency lending platform, BlockFi, will pay $100 million in penalties to settle legal actions against its business scheme, as announced on Monday by US securities regulators.

According to Cornerstone Research, this is the highest penalty since it tracked lawsuits in 2013.

This case came just in time as the Securities and Exchange Commission (SEC) seeks to initiate a regulatory authority governing digital currency services that would treat them as investments rather than a form of money.

02/10/2022

Bitcoin Bitcoin
44,519.0+1132.4 (+2.61%)
05:25:12 - Real-time Data
44,521.6
08:00
10:00
12:00
44,000.0
43,500.0
44,500.0
43,750.0
44,250.0
Technical Summary

5 Min:Strong Buy
Hourly:Strong Buy
Daily:Strong Buy
Monthly:Strong Buy
What is your sentiment on Bitcoin?
or
(BTC) hovered around $44,000 on Feb. 9 as a modest uptick towards the Wall Street open provided relief for support levels.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in the range defined in recent days without significant downside pressure.

02/08/2022

Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has announced the signing of a Memorandum of Understanding to build a strategic partnership with YG Entertainment Inc. (YG), one of South Korea’s leading multinational entertainment corporations.

As part of the strategic partnership, Binance and YG will cooperate on a range of blockchain projects, including collaborations in the NFT space. Binance will provide the NFT platform and technology infrastructure while YG will supply NFT content and gaming assets.

The two companies also have plans to develop Binance Smart Chain-based games, collaborate on building the Metaverse, and actively pursue various digital asset opportunities to develop unique experiences and services for fans.

It is expected that the partnership between Binance and YG will create positive synergies between the two firms. A number of world-renowned Kpop stars are managed by YG, including Big Bang, Blackpink, Winner, iKon, AKMU, and Treasure. YG has immense potential to develop digital assets, including NFTs, using their intellectual property (IP) rights in a wide range of business fields.

NFT, which stands for non-fungible token, is a one-of-a-kind digital token that allows artists to share their content in a unique way. The growth of NFT is paving the way for a change in the paradigm of the music and Kpop industry by serving more than just a consumption purpose for fans.

Kpop has been at the forefront of the Korean Wave, attracting millions of fans around the globe. It is expected that the MoU with Binance will allow YG to more actively extend its growth in the NFT market.

02/08/2022

The pandemic has opened a Pandora’s box of global fraud. Faced with a seemingly endless onslaught of schemes and scams, anti-fraud pros have doubled down on analytics, finds the latest anti-fraud technology study by the Association of Certified Fraud Examiners (ACFE) and SAS.

Based on survey responses from nearly 900 ACFE members worldwide, the 2022 Anti-Fraud Technology Benchmarking Report illuminates how organizations across sectors are using technology to fight fraud. Notably:

More than 40% of respondents reported accelerating their use of data analytics significantly (14%) or slightly (29%) amid the pandemic.
The majority (60%) expect their anti-fraud tech budgets to grow over the next two years.
Advanced analytics topped the investment list, particularly artificial intelligence (AI) and machine learning (cited by 26% of respondents) followed by predictive analytics/modeling (22%).
"Navigating the pandemic-forged business landscape, we've seen increased reports of fraud – a trend we don't expect to slow any time soon," said Bruce Dorris, J.D., CFE, CPA, President and CEO of the ACFE.
"To stay ahead of not only the increased volume of fraud instances, but also emerging trends, it's critical for organizations to be flexible and proactive in adopting new anti-fraud tools and processes. This report serves as a valuable resource for anti-fraud professionals to learn what types of technology their peers are using, or plan to use, and how these technologies have impacted the success of their fraud prevention and detection initiatives." Exploring the data by industry, region and moreThe 2022 report is the result of a biennial, global research initiative launched by the ACFE and SAS in 2019. Complementing this second edition of the report, SAS’ online dashboard offers data visualization tools that enable users to examine findings by industry, geographic region and company size. Survey respondents represent 23 industries – most prevalently government and public administration (22%) and banking and financial services (20%). Their employer organizations, ranging in size from less than 100 employees to more than 10,000, are located throughout the world

02/02/2022

Arcade raised $8 million from several venture funds.
The GameFi platform aims to revolutionize the play-to-earn industry.
The funding round was led by Merit Circle, who declared to support Arcade more than just financially.
Arcade, an upcoming GameFi platform, has raised $8 million from several venture funds. The GameFi platform aims to create a full-scale economic system for Play-to-Earn (P2E) games.

The funding round was led by Merit Circle, with other participants including Tenzor Capital, GAINS Associates, Hingsdaul Capital, Crypto Capital, R-930 Capital, CitizenX, Alpha Prometeus, CSP DAO, Plutus VC, Shima Capital, OIG, Flow Ventures, Dynamite Ventures, Spring Dawn Ventures, and Leos Ventures.

Merit Circle CEO Marco van den Heuvel praised Arcade’s innovative concept for both DeFi and Play-to-Earn. He also declared support for Arcade, both financially and in an advisory role.

With its original concept, Arcade is undoubtedly pioneering the future when it comes to bridging the gap between DeFi and play-to-earn. We at Merit Circle are happy not only to support Arcade financially, but more so in an advisory role too. By working together, we believe we can revolutionize the play-to-earn industry,
The $8 million funding will be used to scale the platform and initiate a mass marketing campaign. The company will build on an existing $1.9 million in NFT assets that have been managed since the company’s beginnings in November 2021.

Arcade was designed to draw more users into the new GameFi and P2E ecosystem. The Arcade platform is designed to be straightforward. Users join ‘mission pools’ to participate in a specific ecosystem’s rewards by staking their gaming NFT assets.

02/02/2022

The United States’ national debt has passed $30 trillion — and even all the Bitcoin (BTC) in the world would hardly touch it.

According to the latest official statistics, U.S. national debt is at levels never seen before, passing the psychological $30-trillion barrier for the first time this week

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