May 7, 2022
Remeber to buy the shit fart smella poop shart stinky nft with 75 Ethereum this upcoming week upon mint
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Remeber to buy the shit fart smella poop shart stinky nft with 75 Ethereum this upcoming week upon mint
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Forsage has no legal standing to accept investments, or to sell investment products to the public, regulators in the Philippines said.
An alleged digital currency Ponzi scheme has continued to attract unsuspecting investors in the Philippines, more than a month after it was first flagged by regulators.
The securities regulator of the Philippines cautioned investors to be aware of several digital currency schemes in July, including a company called Forsage, in its latest round of warnings against unauthorized schemes and their operators.
The Securities and Exchange Commission (SEC) published details of three firms peddling digital currency that investors should be aware of—Forsage, RCashOnline and The Saint John of Jerusalem Knights of Malta Foundation of the Philippines, Inc.
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The popular opinion is that DeFi congests Ethereum, but the data shows the Forsage Ponzi is the real culprit.
Key Takeaways
Transaction and gas costs on Ethereum have surged in 2020
While the increase in Gas costs coincided with the DeFi craze, data shows that the sector is not the primary reason behind Ethereum’s clogged network
The Ethereum-based Ponzi scheme Forsage drives transaction fees up because of its expensive registration procedure
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Ethereum’s $3M grassroot grant program suddenly paused as Foundation rethinks priorities
The Ethereum Foundation has paused new grant applications to its Ecosystem Support Program (ESP) as it reconsiders how it funds builders and projects. The pause, announced Aug. 29, comes as the Foundation restructures its approach to ecosystem development and looks to align its grantmaking with longer-term priorities. A detailed roadmap outlining new funding priorities is expected in the fourth…
Crypto price prediction: Ethereum faces key resistance after breaking trendline
In the last 24 hours, Ethereum experienced large futures liquidations totaling about $53.44 million. This means many traders lost money as their positions were automatically closed. Out of this, $27.33 million came from people who were betting ETH would go up (long positions), and $26.11 million came from those who thought it would go down (short positions).
Recently, Ethereum managed to rise above a downward trendline that had been in place since March 24. For the past week, it was trading around $1,600 without much movement. However, once it broke above the trendline, it ran into the resistance level $1,688. This price level has been a strong resistance point, especially since April 9, with many sellers entering the market there.
Ethereum can stay above the trendline and push through the $1,688 resistance, it might continue climbing. The next major hurdle lies at the top edge of a large downward channel that began in December. This area is also reinforced by the 50-day Simple Moving Average, which could make it harder to break through.
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more about crypto price prediction
Crypto price prediction: Ethereum current consolidation phase could refer more price drop
Ethereum is currently priced at around $1,891, showing a slight increase of 0.60% in the past 24 hours. It remains actively traded on over 10,000 markets, with a total daily trading volume of approximately $10.3 billion. Despite this activity, Ethereum has struggled to gain strong upward momentum and remains in a period of consolidation.
In the futures market, Ethereum experienced $30.21 million in liquidations over the last day. This includes $15.77 million from long positions (bets that ETH would rise) and $14.25 million from short positions (bets that ETH would fall). These liquidations indicate high market volatility, with traders facing losses as Ethereum’s price failed to move decisively in either direction.
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