OTC crypto shops flood Hong Kong, however regulations may additiHong Kong, one of the maximum enormous and leading monetary centers inside the global, has performed a large function within the development of cryptocurrencies. For example, the Chinese territory has birthed a number of the most established and a hit crypto organizations up to now inclusive of the crypto derivatives trade FTX, in conjunction with the digital asset platform Crypto.Com. Yet, as trillions of dollars are traded regularly through crypto exchanges based in Hong Kong, the “Vertical City” additionally carries an abundance of bodily over the counter crypto shops as properly. Henri Arslanian, PwC crypto lead and previous chairman of the Fintech Association of Hong Kong, informed Cointelegraph that the wide variety of conventional OTC crypto brokers in Hong Kong truly stands proud. “These are literally brick and mortar stores for the retail public,” he stated.An anonymous supply in addition instructed Cointelegraph that even as traveling round Hong Kong, he couldn’t help but notice a massive upward thrust in OTC crypto exchanges, a number of which even provide get admission to to cryptocurrency ATMs.
Cointelegraph
RIPPLE PRICE PREDICTIONXRP diverted down forcefully from the overhead opposition of $0.31491 on 7 November. In spite of the fact that the bulls shielded the help at the 50-day SMA, they couldn't support the bounce back. This shows selling at more significant levels.
The 20-day EMA has begun to transform down and the RSI has dunked into the negative zone. This proposes bears have the advantage.
On the off chance that the XRP/USD pair continues beneath the 50-day SMA, it could drop to the basic help at $0.24508. A break underneath this help will be an immense negative. Subsequently, dealers can keep the stop misfortune on the long position at $0.24.
In opposition to our assumption, if the value bounces back off the 50-day EMA, the bulls will again endeavor to break out of $0.31491. In the event that fruitful, a convention to $0.34229 is likely.
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Alexis Ohanian's mistake or market manipulation?2 days ago (May 2nd) Alexis Ohanian, reddit Co-Founder predicted the Ethereum price will reach $15,000 in 2018, the same new was published on many websites, and one day later (May 3rd) he revised his $15,000 price forecast, telling Fortune that he misspoke and meant to say that ETH would reach $1,500 in 2018.
Quoting from The Fortune:
"OHANIAN: At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000.
Great, now people can call me out if I’m wrong."
fortune.com
Was it really a mistake or is it just market manipulation?
This update haven't been properly taken to the readers and in my honest opinion this was the main reason Ethereum price jumped up so suddenly.
Is there a correction coming?
Source:
www.ccn.com
cointelegraph.com
www.ccn.com