• Ethereum’s price has been on the rise, breaking above the $1300 resistance level.
• Technical analysis shows that a short-term correction is quite possible as the RSI indicator is in overbought conditions.
• The 200-day moving average located around the $1400 mark could be the first turning point for a potential pullback.

Ethereum has been on an impressive bull run for the past few weeks, with its price rising from around $1300 to nearly $1800 in a short period of time. This surge in price has been driven by increased demand from institutional investors, as well as the recent surge in popularity of DeFi projects. While the overall trend is still very bullish, recent technical analysis shows that at least a short-term correction is quite possible.

The daily chart for Ethereum shows that the price has been consistently climbing higher, and could soon reach the $1800 level. However, the RSI indicator has been in overbought conditions for the past few days, suggesting that a pullback is imminent. The 200-day moving average located around the $1400 mark could be the first point of support in case of a correction. Furthermore, the 50-day moving average located around the $1300 mark could act as an additional point of support.

In addition to technical indicators, fundamentals also suggest that a correction is likely. Ethereum’s network has been struggling with scalability issues due to the recent surge in usage, and the lack of a scaling solution could lead to a correction in the near future. Furthermore, the recent surge in the price of Ethereum has caused miners to start selling their rewards in order to cover their costs, which could also lead to a price correction.

Overall, Ethereum’s trend is still very bullish, and it could easily break past the $1800 level in the near future. However, a short-term correction is quite possible due to technical and fundamental factors, and investors should be prepared for a potential pullback. The 200-day moving average located around the $1400 mark could act as the first point of support in case of a correction, with the 50-day moving average located around the $1300 mark providing additional support.

• XRP has surged 10% in the past week, breaking above the 50-day moving average and pushing towards the $0.4 resistance level.
• The cryptocurrency is up against a significant resistance region, which includes the 100-day moving average and the support at $0.35.
• Analysts believe the price will continue to be volatile and could make a larger move in the coming weeks.

XRP has been in a period of low volatility for the past month, but the cryptocurrency recently experienced a surge that pushed it above the 50-day moving average. This resulted in a rally toward the next critical resistance level, which stands at $0.4. The 100-day moving average and the support at $0.35 also act as significant resistance levels, and the price is currently hovering around this region.

Analysts believe that the current price action can be attributed to the market’s overall bullish sentiment, as well as the anticipation of the upcoming Flare Network launch. Flare Network is a smart contract platform based on the XRP Ledger, and it has been designed to facilitate the integration of DeFi protocols into the XRP ecosystem. The launch of this platform could have a significant impact on the XRP price and could lead to a significant surge in its value.

The market is also currently being driven by the general bullish sentiment in the crypto market, as well as the increasing institutional adoption of cryptocurrencies. Institutional involvement has been increasing significantly in the past few weeks and this could have a positive impact on the price of XRP.

Looking forward, analysts believe the price of XRP will continue to be volatile and could make a larger move in the coming weeks. The 50-day moving average is still acting as a strong support level, and a break below this could lead to a further drop in the price. On the other hand, if the bulls are able to push the price above the $0.4 resistance level, then XRP could see a surge in its value. In any case, investors should keep a close eye on the price of XRP and should be prepared for a range of outcomes in the coming weeks.

• El Salvador has passed a historic Digital Asset Issuance law, allowing for the issuance of President Nayib Bukele’s bitcoin bonds, known as the Volcano Bonds.
• The new law focuses on setting up a legal framework around the issuance of digital assets and the wider crypto classification, which includes every other type of digital asset in the market besides Bitcoin.
• This development is expected to create a much-needed regulatory framework for tokenized securities, altcoins, and businesses, as well as serve as a major step forward for El Salvador’s crypto industry.

El Salvador is taking a major step forward in its crypto industry, as its Legislative Assembly recently voted to pass a historic Digital Asset Issuance legislation. The bill, which was met with widespread support, will create a much-needed regulatory framework for tokenized securities, altcoins, and businesses, while also paving the way for President Nayib Bukele’s Bitcoin-backed bonds, commonly referred to as the Volcano Bonds.

The passing of the new law marks a major victory for the country, which faced a tough year after making Bitcoin legal tender in the country. The bill focuses on setting up a legal framework around the issuance of digital assets and the wider crypto classification, which includes every other type of digital asset in the market besides Bitcoin. This means that there is now a clear set of guidelines and regulations that all businesses and individuals must follow when it comes to digital asset transactions.

The new law also states that all digital assets must be registered with the Central Bank of El Salvador, which will act as the country’s financial regulator. This will ensure that all digital asset transactions are conducted in a safe and secure manner. Additionally, the law also provides guidelines regarding the taxation of digital assets, which is expected to create a more efficient and transparent system for businesses and individuals looking to trade digital assets.

The passing of the new Digital Asset Issuance law is expected to open the door to a new wave of digital asset-based investments, such as the Volcano Bonds. These bonds, issued by the Central Bank of El Salvador, will be backed by Bitcoin and are expected to be made available to both domestic and foreign investors. The introduction of these bonds is expected to bring a much-needed source of capital for the country, which has been struggling with economic hardship for some time now.

The new law is a major step forward for El Salvador’s cryptocurrency industry and is expected to create a much more secure and transparent ecosystem for businesses and individuals. With the passage of this law, El Salvador is now on the path to becoming one of the most crypto friendly nations in the world, and is expected to attract a large number of investors and businesses looking to take advantage of the country’s new-found crypto-friendly laws.

• Cryptiony is a tool that helps with cryptocurrency taxes.
• It automates the process of calculating profits made in cryptocurrency investments by going through buy and sell commands.
• The tool is especially useful for active traders who have a lot of transactions to calculate.

Trading and investing in cryptocurrency has become an increasingly popular activity over the past couple of years, resulting in the largest bull market in the industry’s relatively short history. As a result, many people have made a profit in 2021 and, though the market showed signs of decline in 2022, many people still made gains. However, with these profits come certain responsibilities, namely paying taxes.

Calculating cryptocurrency profits for tax purposes can be a daunting task, especially for active traders who have dozens of buy and sell orders. Fortunately, there is a tool that automates this process. Cryptiony is a cryptocurrency tax calculator that helps traders and investors easily calculate their profits and losses for tax purposes.

Cryptiony automates the process of calculating profits by going through all buy and sell orders and compiling the data into a single report. It also takes into account any fees associated with transactions, such as commissions or withdrawal fees. The tool is especially useful for active traders who have a lot of transactions to calculate.

Cryptiony also offers a suite of other features, including the ability to export data to popular tax filing software and a portfolio tracker that provides users with an overview of their holdings. The tool also supports multiple exchanges and currencies, allowing users to switch between them as needed.

In addition, Cryptiony offers a secure and user-friendly interface. Users can access the tool from any device, and all data is stored securely and encrypted. This helps to ensure that users’ data is safe, and that their information is not shared with any third parties.

Overall, Cryptiony is an excellent tool for those who need to calculate their cryptocurrency profits for tax purposes. It takes the hassle out of the process and ensures that users have an accurate and up-to-date report of their profits and losses. It also offers a suite of other features that make it a valuable tool for cryptocurrency traders and investors.

• Nikhil Wahi, brother to former Coinbase product manager Ishan Wahi, has been sentenced to 10 months in prison following his guilty plea to insider trading of crypto tokens.
• Wahi was found to have profited off of insider information given to him by his brother, and must now return the $892,000 generated from those trades.
• Wahi will also be deported to India after his prison sentence is complete.

Nikhil Wahi, brother of former Coinbase product manager Ishan Wahi, has been handed a 10-month prison sentence after pleading guilty to insider trading of cryptocurrency tokens. In July, both brothers were arrested and accused of Ishan tipping his brother with information about upcoming Coinbase listings shortly before they were publicly announced. This allowed Nikhil to invest large sums of money into those tokens before other investors had a chance to.

The U.S. Attorney’s Office in San Francisco announced the sentence today, stating that Nikhil must return the $892,000 he generated in profits from the trades. He will also be deported to India following his sentence.

In court documents, Nikhil admitted that he used the insider information he received from his brother to buy tokens of digital currencies such as ZCash and Basic Attention Token, before they were listed on Coinbase. He then sold the tokens after the listing had been announced, resulting in a significant profit. He also acknowledged that he had “made a terrible mistake” in using the insider information.

Ishan Wahi, who was also arrested in connection to the case, is currently awaiting trial. If convicted, he could face up to 20 years in prison.

Nikhil’s sentence is a stern warning to those who would attempt to profit from insider trading. It serves as a reminder that the law does not tolerate those who seek to gain unfair advantages in the cryptocurrency markets. The U.S. Attorney’s Office has made it clear that those found guilty of insider trading or other forms of market manipulation will be prosecuted and severely punished.

• BlockFi, a crypto lending company, announced that it plans to disclose assets, liabilities, and payments made by the platform on January 11, 2023.
• The company had previously laid off 20% of its workforce and filed for bankruptcy in November 2022.
• BlockFi has stated that it is looking to continue its open dialogue with the UCC, U.S. Trustee, and other stakeholders.

BlockFi, a crypto lending company, is set to disclose assets, liabilities, and payments made by the platform on January 11, 2023. This is in the wake of the company’s filing for bankruptcy in November of 2022.

The company had previously laid off 20% of its staff amid industry headwinds in the summer of 2022. BlockFi has stated that it is looking to continue its open dialogue with the UCC, U.S. Trustee, and other stakeholders in its chapter 11 cases.

The company has also noted that it plans to disclose its Schedules of Assets and Liabilities and Statement of Financial Affairs with the Court on January 11, 2023. This filing is expected to include payments made by BlockFi to insiders and other parties prior to the bankruptcy filing.

Although BlockFi has faced a tumultuous year, the company is still committed to providing its clients with the best financial services possible. As a result, BlockFi has stated that more information related to the Claims Process and the filing of Proof of Claims will be sent to clients in the near future.

The company also noted that it is working hard to reconcile all open accounts and establish a process to address any customer claims that may arise. The company is also in the process of restructuring in order to emerge from bankruptcy and continue to operate its business.

BlockFi is hopeful that the filing of its Schedules of Assets and Liabilities and Statement of Financial Affairs will provide its clients with the assurance that their investments are safe and secure. The company is confident that its clients will remain loyal and supportive as it works to fulfill its commitment to providing the best crypto lending services.