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1h agocryptodaily
U.S. FTC Begins Probe on Crypto Ad Misconduct
The United States Federal Trade Commission (FTC) has begun a probe on a number of crypto firms on the matter of possible ad misconduct for public materials which may have misrepresented facts and claims about cryptocurrencies and digital assets. According to a report from Bloomberg, FTC spokeswoman Juliana Gruenwald has disclosed that the financial regulator has indeed begun an investigation that involves several crypto firms "for possible misconduct concerning digital assets." No further detail has been provided by the spokesperson, and no specific crypto firm has been named as a subject of the investigation. It is likely, though, that the investigations have been spurred by the recent controversies and current legal proceedings being done towards FTX, a now-bankrupt crypto exchange which has been mired with internal conflicts for its management, as well as being the subject of regulatory difficulties for failing to disclose full details of its operations. Recent misleading advertising materials and paid promotions in the crypto space have been the subject of crypto investor backlash, and of course the prying eye of U.S. financial regulators such as the FTC. Most recently, Kim Kardashian, a celebrity entrepreneur, was served with a fine by the U.S. Securities and Exchange Commission over her actions on social media promoting EthereumMax ($EMAX), a crypto token project. Kardashian, an influencer, was paid to promote the token, but she failed to disclose such a transaction. A similar vein of investigation was also began by the FTC concerning two athletes, NFL star Tom Brady and NBA great Stephen Curry. This is in relation to their involvement with the promotion of FTX in 2022. The FTC is not alone in this initiative, though, as it has been reported by CryptoDaily. In mid-2021, the U.K. Advertising Standards Authority flagged crypto ads, and later issued an enforcement notice to at least 50 firms advertising crypto or working alongside crypto firms as agencies to produce advertising materials. A similar initiative was also done by Truth in Advertising, a U.S.-based consumer rights group which called out celebrities such as Floyd Mayweather, rappers Eminem and Snoop Dogg. These probes and the intent they are pushed forward from are nothing new, with financial regulators now wary in the aftermath of 2018's ICO scam wave. The SEC, in particular, even issued a notice dating back to 2017, in which it warned the public of celebrity investments, crypto or otherwise. "Investors should note that celebrity endorsements may appear unbiased, but instead may be part of a paid promotion. Investment decisions should not be based solely on an endorsement by a promoter or other individual," the SEC said. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1h agocryptodaily
Are The Twitter Coin Rumors True?
Speculations have been rampant about an upcoming Twitter Coin that could potentially take over Dogecoin’s current mantle as the native currency of the social media platform. Online Sleuths Uncover “Twitter Coin” Several self-appointed online technical sleuths have pointed out that a new native crypto token is in the works at Twitter. The crypto is being dubbed Twitter Coin, and word around the blockchain is that it could push out Dogecoin from the position of the native currency of the social media platform. Security researcher Jane Manchun Wong was the first to bring the possible new coin into the public eye. She extracted a code from a recent version of the Twitter web app, which featured a vector image of the “Twitter Coin.” She shared the image on her Twitter account along with an image of the Coins tab within Twitter’s Tips feature. Granted, Wong clarified that the Twitter Coin icon might not represent a native token necessarily, instead just be a visual representation of the platform’s crypto tipping feature. However, soon after, Wong’s Twitter and LinkedIn profiles were disabled. This added more fuel to the rumors about Twitter Coin, with some users claiming that she had been kicked off of Twitter because of what she shared. Twitter user Nima Owji, who runs an app-focused information leak account, also posted a screenshot of what appears to be a prototype Twitter interface showing a “Coins” option for tipping, along with a vector image showing a coin bearing Twitter’s logo. DOGE Accounts Suspended Other incidents on Twitter have also raised suspicion among the community. For instance, on December 3, Dogecoin CEO Billy Markus pointed out several DOGE-related accounts have been banned from the platform. He tweeted, “A whole bunch of accounts of people who, as far as I know, generally don't do anything but tweet memes and positivity are being suspended.” Elon Musk responded to the tweet that he was looking into it. He soon tweeted back that the matter was resolved and that the accounts were reinstated. He claimed that the error happened because the Twitter team had been eliminating spam or bot accounts. Could This Mean Trouble For DOGE? Some Twitter users and DOGE supporters are holding on to the belief that this could be an instance of the platform formally recognizing DOGE as Twitter’s official currency and that Twitter Coin is just another moniker for DOGE. However, if Twitter Coin turns out to be a standalone cryptocurrency, it could spell trouble for DOGE and even BTC. DOGE, especially, has always benefitted from Elon Musk’s open advocacy for it. If it were dethroned by a different crypto, that could spell a major blow to the memecoin, which owes a lot of its success to Twitter and Musk’s advocacy. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2h agocryptodaily
Bitcoin Price Analysis: Drawn Back to 16882 - 7 December 2022
BTC/USD Hugging 16882 Level: Sally Ho’s Technical Analysis – 7 December 2022 Bitcoin (BTC/USD) continued to trade closely to the 16882 area early in the Asian session as the pair encountered technical resistance around the 17102 level, right around the 50-hour simple moving average. Traders had previously pushed BTC/USD lower to the 16865 level, representing another test of the 16882 area that represents a downside price objective related to selling pressure that commenced around the 52100 area. If BTC/USD is able to extend its upward trajectory, upside areas of potential technical resistance and selling pressure include the 17791, 18495, 19199, 20070, and 20201 levels. If recent upside momentum reverses, traders may test recent two-year lows around the 15460 level established after Stops were elected below the 15512 area, a previous relative low that represented an exact bearish price objective based on selling pressure that strengthened around the 21478.80 and 18495.50 areas. Following the recent appreciation from 15992.64, technical support and buying pressure are possible around the 16811, 16655, 16498, 16305, and 16276 levels. Associated downside price objectives below current price activity include the 13369, 8837, and 7538 levels. Technicians continue to eye the 14500.15 and 10432.73 areas as major downside targets, and additional downside price objectives include the 14613, 10727, and 9682 levels, areas that are related to selling pressure that intensified around the 20894.96 and 18495.50 areas. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 200-bar MA (4-hourly)andabove the100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 16853.23 and the100-bar MA(Hourly) at 17036.51. Technical Supportis expected around14500.15/ 13369.11/ 10727.75 withStopsexpected below. Technical Resistanceis expected around18495.40/ 19199.48/ 20070.64 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
2h agocointelegraph
US lawmakers request answers from Silvergate over ties to FTX: Report
Three senators said they were concerned about Silvergate following reports suggesting that the bank "facilitated the transfer of FTX customer funds to Alameda."
2h agocoindesk
Crypto Bank Silvergate Slides Further After Letter from US Sen. Warren
Senator Elizabeth Warren (D-Mass) and two GOP senators have asked crypto-friendly bank Silvergate (SI) for answers over its supposed role in facilitating transfers between bankrupt exchange FTX and its sister firm Alameda Research, NBC reported Tuesday.
2h agocryptodaily
Circle Pulls The Plug On Going Public
Circle and its planned special purpose acquisition company (SPAC) partner Concord have mutually decided not to go public. Business Combination Terminated On Monday, Circle Internet Financial and Concord Acquisition Corp (NYSE:CND) mutually decided to terminate the proposed business combination. Speaking on the dissolution of the partnership agreement, Circle CEO Jeremy Allaire stated, “We are disappointed the proposed transaction timed out, however, becoming a public company remains part of Circle’s core strategy to enhance trust and transparency, which has never been more important.” The crypto company and the publicly traded SPAC company first announced their partnership in July 2021. The partnership agreement was amended in February 2022, which set a December 10, 2022, deadline to consummate the business combination. According to the now-nullified agreement, Concord was also liable to a shareholder vote that could extend the deadline till January of next year. No Approval From SEC A SPAC is a company that has no business operations. It is just a “blank check company” created to raise capital through an Initial Public Offering or by merging with another firm. In this case, the Concord Acquisition Company formed this SPAC to merge with Circle and go public. However, the combination would only have been feasible if the U.S. Securities and Exchange Commission (SEC) had declared the S-4 registration statement effective. Without the SEC’s approval, the two companies could not move forward with their initial business plan. Allaire tweeted about the SEC’s role in the situation, “From my perspective, I believe that the SEC has been rigorous and thorough in understanding our business and many novel aspects of this industry. This kind of review is necessary to ultimately provide trust, transparency and accountability for major companies in crypto.” As of now, the boards of directors from both companies have signed off on the termination of the proposed business combination. Executives Address Termination Circle’s CFO, Jeremy Fox-Green, had been anticipating a 2022 date for the listing. Earlier in a July 2022 interview, he had explicitly stated that the process would be completed by the end of the year. CEO Allaire has expressed his disappointment over the business proposal not panning out. He also claimed that Circle is still determined to become a public company, focusing heavily on trust and transparency. On the other hand, the Chairman of the Concord Acquisition Corp, Bob Diamond, stated "Circle plays a key role in the blockchain's disruption of financial services. I remain confident in Circle's regulatory-first approach to building trust and transparency in the financial industry, which has never been more important, and I will continue being an advocate for the company as it continues to grow." Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3h agocoindesk
Financial Stability Watchdogs Vow to Tackle DeFi, Learn FTX Lessons
Policymakers from the world’s major jurisdictions want a crypto rulebook
3h agocryptodaily
Fantom (FTM) and Mina Protocol (MINA) Struggles in the Market Amidst Sparklo (SPRK) Presales Success
With the market downturn, investors are out searching for cryptocurrency projects they can invest in and hopefully use to increase their portfolios. But, most times, emotions and fear can blind an investor to making a panic decision. This is why investors must make intelligent decisions, as those with assets in Fantom (FTM) and Mina Protocol (MINA) are currently watching as their assets are dropping due to market struggle. Consequently, it leads investors to alternatives like Sparklo, which is currently performing well in its presale. Fantom (FTM) Investors Searching For Alternatives The price movement of Fantom (FTM) hasn't been outstanding recently, as it shows no sign or little sign of its price changing from its downtrend position. With Bitcoin (BTC) dropping below $16,500, this indicates an inflation increase affecting the price of Bitcoin (BTC) and other altcoins. Looking at the charts, over the past seven days, Fantom (FTM) has had a price decline of -26.01%, and even in the past month, it has continued to decline, as seen in its -1.7% price decrease. Fantom currently trades at $0.20, and though Fantom (FTM) is one of the top cryptocurrency projects, it is still presently struggling in the market, and analysts predict that it might not have a reversal in the short term. As a result, investors will have to look at other alternatives if they need to boost their portfolios. Mina Protocol (MINA) Price Fluctuates As The Market Downturn Continues Mina Protocol (MINA) was launched in early 2021, and by June 1st, 2021, it was worth $9.90. After the launch, the market thought the price was overvalued, and it soon fell to a low of $2.76 before it recovered to trade at $3.24. By 2022, analysts valued Mina Protocol (MINA) at $3.59, and just like most cryptocurrencies, Mina Protocol (MINA) was no exception as it struggled with the crypto winter. By January's end, Mina Protocol (MINA) was trading at $2.21, and this downtrend continued till it hit an all-time low of $1.76 on February 24th. After the general market crash, Mina Protocol (MINA) also hit an all-time low by May 12th and was pegged at $0.83. Though the market recovered slightly, the other market crash, which saw the total value of the entire crypto market dip below $1trn, also affected the Mina Protocol (MINA). Nevertheless, Mina Protocol (MINA) has witnessed some recovery of 7.72% in the past 30 days. Analysts predict that since there are no solid fundamentals to back it up, it might only last for a while. Sparklo (Sprk) Presale Records Success With the success of Sparklo’s presale, investors have recognized the high growth potential of the token. Fantom (FTM) and Mina Protocol (MINA) are struggling amidst market uncertainty. Sparklo will be the first alternative investment that would allow investors to invest in fractionalized NFTs, backed by real-world assets in the form of gold, silver, or platinum. Sparklo passed its audit from Interfi Network, and to ensure that the project remains safe, the developers will lock its liquidity for 100 years. Additionally, the team’s token will be locked for 1,000 days. Sparklo currently goes for a price of $0.013, and analysts predict that the price will increase by more than 100x in the coming months. Investing early in a project ensures that investors get maximum gains. So this might be the best time to get in on Sparklo. Find out more about the presale: Buy Presale: Website: Twitter: Telegram: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
3h agocointelegraph
Bitcoin clings to $17K as ARK flags 'historically significant capitulation'
BTC price action is suffering from FTX, but decentralized blockchains are "as strong as ever," says ARK Invest.
3h agocryptodaily
Analysts say investors can still save money by dropping Solana (SOL) & Ethereum (ETH) For Orbeon Protocol (ORBN) Presale
Ethereum and Solana are two of the world's most popular cryptocurrencies. In 2021 both hit all-time highs but had since decreased exponentially during the start of the 2022 bear market. While these popular options decrease in value, Orbeon Protocol thrives, securing over a 260% price increase during its presale. This article will examine why Orbeon Protocol succeeds and traditional investments decline. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol Is On Track For A 6,000% Increase Orbeon Protocol (ORBN) is making headlines for its innovative approach to startup funding and a successful presale phase. The project aims to disrupt the $13.5 Billion crowdfunding market by allowing everyday investors to buy equity in startups. Orbeon Protocol is powered by multiple blockchains and lets retail investors fractionally invest in startups without needing significant starting capital. These investors were previously shut out of early-stage investing, which was only accessible to venture capitalists. Startups mint equity-based fractionalized NFTs through Orbeon Protocol. Investors can then buy a stake in the startup, with prices as low as $1. Once purchased, NFTs are then stored in a dedicated Orbeon wallet. To prevent low-quality startups from entering the ecosystem, all startups are vetted by the Orbeon team before being able to create NFTs. To add an additional layer of protection, investors are also protected by Orbeon Protocols (ORBN) smart contract code. The code uses a &ldquo;Fill or Kill&rdquo; security mechanism that automatically refunds investors if their chosen startup fails to meet its funding target. This exciting concept has the potential to revolutionize the early-stage investment market, which is why Solana (SOL) and Ethereum (ETH) investors are now buying Orbeon Protocol (ORBN) tokens during its presale. Experts predict that the price of ORBN could increase by over 6,000%, rising from $0.014 to $0.24. ORBN investors are also rewarded with access to early funding rounds, voting rights, staking rewards, and access to exclusive investor groups. This, alongside a whole Orbeon Protocol ecosystem, makes ORBN one of the most exciting new projects going into 2023. Find Out More About The Orbeon Protocol Presale Website: Presale: Telegram: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4h agocryptodaily
Musiverse: A rising project that connects the music industry and web3
The Musiverse team is pleased to announce to the crypto community that it has launched its project with a focus on bridging the gap between the music industry and Web3. Musiverse NFT's mission is to build a sustainable, decentralized ecosystem based on common interests to connect the two markets. The project is kicking off with a bang on 14 December launching its 5000-unit Genesis NFT Collection on the Ethereum network, with a strong focus on real-life utility: the NFT Collection gives its owners lifetime VIP access to a series of music and Web3 events worldwide. And it is just the beginning; the Music Tokenization Marketplace and DAO Token, launching in 2023, will enable musicians, music fans and Web3 enthusiasts to benefit together in a decentralised system of shared interests. But what is Musiverse and how does it plan to connect the music industry with web3? Barnab&aacute;s S&aacute;ra, Co-Founder & CEO at Musiverse NFT says: &ldquo;We believe that Web3 is not only a technological and financial revolution, but a social one as well. We follow the rule of thinking global - acting local. Our mission is to educate, to form community and to open the gate of Web3 to the music industry. We know that both markets are suffering from serious problems and we realised the opportunity of solving them by introducing the 2 to each other. The mass adoption of crypto assets will only come when traditional markets start to integrate them to their business models.&rdquo; Musiverse launched its international event series this year, positioning it all over the world. Events include private NFT parties for holders only, community meet-ups with partners, open-to-public parties and music concerts, as well as conferences and festivals. While the project is still in its early stages, it has already gained traction within the music and Web3 communities, which shows the potential to become a major player in the space. Musiverse's wide-ranging events have been highly attended in New York and Hungary with a Web3 Conference and NTF Parties, as well as a Web3 meet-up in Amsterdam in collaboration with Polkadot & W3b Lab. M&aacute;ri&oacute; V&aacute;nyi, co-founder & CEO, says of the upcoming NFT collection: &ldquo;The NFT collection is called 'Keys to the Musiverse'. The collection consists of unique 3D Keys whose main uses include free entry to any concert, party, community event or conference organised by us, our musicians or our partners. The Key NFTs will provide more & more social, artistic and financial utilities to the holders, being gradually unlocked as the ecosystem expands & evolves.&rdquo; The project further aims to raise the general awareness about what Web3 really means and realise mass adoption of the Web3-music market in the future. The current innovations are steps towards a longer-term plan that includes the gradual transformation into a DAO with the aforementioned community-governeddecentralised musical NFT marketplace and music tokenisation in its most sustainable forms. The project has a strong vision and big plans, but it is also focused on delivering real-world value from the very beginning. This focus makes Musiverse unique and provides a great opportunity for those who are interested in the potential of Web3. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
4h agocryptodaily
Code is the answer - not more regulation and intermediaries
Heavy regulation is on the horizon for the crypto industry. However, is this going to help the innovations that can change everything for finance? Crypto to zero? According to leaders from the banking industry, world financial agencies, and government watchdogs, the crypto industry is one that is just too dangerous for the financial system to tolerate, or for the average Joe to invest in. All the &lsquo;centralised&rsquo; crypto exchanges are on the verge of collapse if they haven&rsquo;t already done so, and the ensuing contagion is likely to cause most cryptocurrencies to go to zero, and for Bitcoin to head well under $10,000. Heavy regulation and intermediaries That will then be that. Or will it? Surely it cannot be argued that the financial system we have in place is fit for service? Inflation is rampant, debt is at the highest level it has ever been in monetary history, and it will probably only take the odd bank or two to go down to bring the rest of the pack of cards down as well - just like the legacy finance leaders are saying about crypto. Gary Gensler is the chairman of the Securities and Exchange Commission (SEC). He says that he wants to insert intermediaries in between every DeFi platform and those who want to transact with them. The MiCA regulation that is about to be passed into law in Europe would inflict onerous requirements upon all crypto platforms that would probably see them leaving European shores in droves. It all seems to be about regulation aimed at squashing the life out of crypto. It could be asked though, has regulation, no matter how heavy and demanding, done a great deal to stop banks carrying out nefarious activities that have done massive harm to the economy and investors alike? Crypto vs CBDCs We are at a junction. The road favoured by governments, banks, and the major world financial agencies is one where the legacy, fiat-backed monetary system persists, and where within a couple of years or so, central bank digital currencies (CBDCs) are phased in in order to assert total monetary power over citizens. The other road is being prepared by entrepreneurs, builders and thinkers from around the world. On this road the way forward is not about onerous regulation, harsh enforcement, and total control, it is about code. The code is all about doing away with intermediaries in any shape or form. All regulations and requirements can be built in at the beginning so there just isn&rsquo;t any need for huge government watchdog agencies. Bitcoin is built on code. It doesn&rsquo;t need entities like the Federal Reserve with its teams of economists to ease or tighten monetary policy, it just does what the code tells it to do, and therefore it provides a system which has the strongest network the world has ever seen, totally secure, and allowing anyone to interact with anyone else in the world without any intermediary saying yay or nay. Governments and banks do not like this. It eats into their power and control because it has no political leanings, no racial prejudices, and isn&rsquo;t controlled by anyone. When CBDCs come into being and the world&rsquo;s population finally understands what is at stake, code will be the answer. A trustless system is what the human race needs, and out of the innovation in crypto will come such a system. Bitcoin is already here, we just need that fair and trustless monetary exchange system to go with it. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4h agocryptodaily
FTX Collapse Shocks Shiba Inu (SHIB) And Ethereum Classic (ETC) But Not The Hideaways (HDWY)
Without a doubt, the cryptocurrency industry took a hit when the FTX empire fell. The market value of nearly every cryptocurrency fell. Even the meme coin Shiba Inu (SHIB) and popular coin Ethereum Classic (ETC) didn't escape the FTX tragedy. But there was one coin which did, and that&rsquo;s The Hideaways (HDWY). Anonymous Whale Moved 1.8 Trillion Shiba Inu Shiba Inu (SHIB) have always been popular with whales. Etherscan data shows that a whale sent 1.8 trillion SHIB to the exchange Binance. The unnamed whale made a single trade valued at more than $16.5 million in SHIB. According to the records kept by Etherscan, the unidentified whale received the $1.8 trillion SHIB in two separate purchases. The SHIB was subsequently relocated to Binance by the anonymous whale. Partially due to the FTX crash, Binance processed transactions totaling 499.9 billion SHIB. For their security, whales are eager to get their cryptocurrency out of their wallets and into cold storage. Coinbase Drops Ethereum Classic Coinbase, the largest cryptocurrency exchange in the United States, has announced that it will stop supporting Ethereum Classic (ETC) and other low-volume cryptocurrencies on its self-custody crypto wallet. The Ethereum Classic (ETC) token is the money powering the Ethereum Classic blockchain, enabling users to create decentralized applications on top of the Ethereum platform. In other words, its market valuation ranks at number 25 among all digital assets. But ETC&rsquo;s rank did not matter to whales. As soon as Coinbase announced it was dropping the coin, ETC&rsquo;s price declined 2.19%, trading at $19.50. The Hideaways Leads Top Presales As It Acquires Interest From Massive Investors No other cryptocurrency endeavor can compare to The Hideaways and its coin HDWY in terms of utility and benefits. In today's market, you may buy a property for just $100. Since there is a growing number of Shiba Inu (SHIB) and Ethereum Classic (ETC) investors leaving the ship for The Hideaways, it's time to find out why: The Hideaways will be issuing an NFT backed by rental income from real estate, with additional income from staking. Although it has been out for a month, presale is still in its infancy. Leading experts anticipate big price hikes before the presale ends. The rental income collected by the Hideaways will be refunded in USDT and ETH. The market value of HDWY tokens is projected to increase by 150% by 2023, making early investors the most successful. At present, one HDWY token can be purchased for a super low price right now considering the gains it will make. Check out the links below to join The Hideaways presale! Website: Presale: Telegram: Twitter: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4h agocointelegraph
Bitcoin advocate dishes out sats over Lightning Network to raise BTC awareness
A Twitter user from the United Kingdom spent hours sending micropayments to strangers on the internet to demonstrate the Bitcoin Lightning Network.
5h agocoindesk
UK Financial Regulator Seeks Comments on Ad Approval Process That Covers Crypto
Only companies with Financial Conduct Authority permission will be allowed to approve promotional material, and crypto firms will be hit once the Financial Services and Markets Bill becomes law.
5h agocryptodaily
Genesis Creditor Loans Near $2B, Crypto Daily TV 6/12/2022
In Todays Headline TV CryptoDaily News: Crypto Lender Nexo To Quit United States UK-based crypto lender Nexo said on Monday it would phase out its U.S. products and services over the coming months due to clashes with regulators. Genesis Creditor groups' loans amount to $1.8B. Customers whose money is locked up on trading and lending platform Genesis and who have taken legal advice on the matter currently account for some $1.8 billion of loans, according to a person familiar with the situation. And that number looks like it will continue to grow. Another round of job cuts for Bybit. Crypto exchange Bybit will implement another round of job cuts as it tries to refocus its operations amid a "deepening bear market," CEO Ben Zhou announced, A screenshot of a message in which Zhou said the layoffs would affect 30% of staff, taken from the company's internal messaging platform, was floating around Telegram group chats on the same day. BTC dropped 0.9% against USD in the last session. The Bitcoin-Dollar pair fell 0.9% in the last session. The Stochastic indicator is giving a negative signal. Support is at 167581 and resistance at 173841. The Stochastic indicator is currently in the negative zone. ETH/USD plummeted 1.6% in the last session. The Ethereum-Dollar pair dove 1.6% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 1223.931 and resistance at 1312.091. The Ultimate Oscillator is currently in the positive zone. XRP/USD made a minor downward correction of 0.1%. The Ripple-Dollar pair corrected downwards in the last session, falling 0.1%. The Williams indicator's negative signal aligns with the overall technical analysis. The Williams indicator gives a negative signal. LTC/USD exploded 3.8% in the last session. The Litecoin-Dollar pair gained 3.8% in the last session after rising as much as 8.9% during the session. The ROC's positive signal is in line with the overall technical analysis. Support is at 75.1433 and resistance at 78.4433. The ROC is currently in positive territory. Daily Economic Calendar: US API Weekly Crude Oil Stock The API&rsquo;s Weekly Statistical Bulletin reports overall U.S. and regional data relating to refinery operations and the production of the four major petroleum products. The US API Weekly Crude Oil Stock will be released at 21:30 GMT, Australia's RBA Interest Rate Decision at 03:30 GMT, and the Eurozone's EcoFin Meeting at 07:00 GMT. AU RBA Interest Rate Decision The RBA Interest Rate Decision is announced by the Reserve Bank of Australia. The interest rates are a key mechanism through which the central bank influences inflation. EMU EcoFin Meeting The Economic and Financial Affairs Council, the main decision-making body of the Council of the European Union, is composed of the Finance Ministers of the 27 European Union member states. UK BRC Like-For-Like Retail Sales The British Retail Consortium Like-For-Like Retail Sales measures changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis. The UK's BRC Like-For-Like Retail Sales will be released at 00:01 GMT, Australia's RBA Rate Statement at 03:30 GMT, and Japan's JP Foreign Reserves at 23:50 GMT. AU RBA Rate Statement Decisions regarding the interest rates are made by the Reserve Bank Board and are explained in a media release that announces the decision after each meeting. JP Foreign Reserves The Foreign Reserves are the total of a country's gold holdings and convertible foreign currencies held by its central bank. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
6h agocointelegraph
Michael Saylor on the FTX fiasco: 'Unethical and illegal from the very beginning'
Saylor calls SBF the “poster child of the crypto world” while breaking down his antics, which ultimately brought the downfall of his empire.
7h agocoindesk
A16z Elevates Former US CFTC Commissioner Quintenz to Policy Chief
Brian Quintenz, a former commissioner with the U.S. Commodity Futures Trading Commission who left the agency last year, is amplifying his role at crypto venture capital firm Andreessen Horowitz (a16z) from advising to taking over as its head of policy, the company said on Tuesday.
8h agocointelegraph
UK crypto bill to restrict services from abroad: Report
The regulatory amendments will broaden the powers of the country's financial regulator and put the crypto industry under tighter scrutiny.
12h agocointelegraph
Crypto Twitter uses new AI chatbot to make trading bots, blogs and even songs
A few simple prompts to a recently released AI chatbot is all Crypto Twitter needs to create trading bots, an investment thesis and a crypto-themed song.
15h agocointelegraph
Ripple CTO shuts down XRP conspiracy theory from ChatGPT
An AI chatbot alleged Ripple can secretly control its blockchain through an undisclosed backdoor in the network's code and has been ridiculed by the firm's CTO.
17h agonulltx
Cosmos (ATOM) And BudBlockz (BLUNT) Are The Most Promising Crypto In The Market
Investors have a keen eye on two promising crypto platforms; Cosmos (ATOM), primarily an interoperable blockchain platform that allows users to connect with other blockchains. The other one is BudBlockz, a massively popular and high-performing cannabis crypto and NFT platform. There are some good reasons blockchain experts and investors speculate that these two projects have […] The post Cosmos (ATOM) And BudBlockz (BLUNT) Are The Most Promising Crypto In The Market appeared first on NullTX.
19h agocoindesk
Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines
The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
22h agocointelegraph
Price analysis 12/5: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins.

About ROMToken

The live price of ROMToken (ROM) today is ? USD, and with the current circulating supply of ROMToken at ? ROM, its market capitalization stands at ? USD. In the last 24 hours ROM price has moved ? USD or 0.00% while ? USD worth of ROM has been traded on various exchanges. The current valuation of ROM puts it at #0 in cryptocurrency rankings based on market capitalization.

Learn more about the ROMToken blockchain network and how it works or follow the price of its native cryptocurrency ROM and the broader market with our unique COIN360 cryptocurrency heatmap.

ROMToken Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply? ROM
Max Supply350,000,000,000 ROM
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
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