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• NFM Coin is a digital currency focused on recycling and energy conservation in order to reduce carbon dioxide emissions.
• Users can store their NFM Coin tokens in their personal wallets and track current values.
• Elon Musk rescinded his decision to accept Bitcoin for Tesla vehicles because of worries about the mining process.

NFM Coin

NFM Coin is the latest digital currency to emerge that’s all about recycling and keeping the planet safe and clean for future generations. It works to recycle products that are processed in the metals industry while minimizing carbon dioxide emissions, bringing certain products and materials back to life for use in future items. Necat Celik – a spokesperson for NFM Coin – explained how users can store their tokens in their personal wallets, track current values, and send them to other wallets while remaining secure with 2FA verification.

Energy Conservation

NFM Coin is likely making eco-friendly traders feel better about the industry given one of the main concerns about bitcoin and its many altcoin cousins is how much energy they use during their mining and extraction processes. Reports have claimed that the mining process behind bitcoin uses more energy than many developing nations leading some industry heads and crypto fans out there to turn their backs on specific coins (or on the industry altogether).

Elon Musk Advertisement

Elon Musk, South African entrepreneur and billionaire behind companies like Tesla and SpaceX (and now Twitter), announced roughly two years ago that he was going to let crypto fanatics purchase Tesla vehicles with bitcoin which caused prices of Bitcoin to rise into the high $50K range following his announcement. However, Musk found himself worried about the mining process soon after which led him to rescind his decision due to energy concerns.

Environmental Impact

The environmental impact of cryptocurrency continues to be a hot debate topic as it remains uncertain whether or not digital currencies truly do more harm than good when it comes to conserving energy resources on a global scale. As such, initiatives like NFM Coin are important steps towards creating a sustainable relationship between blockchain technology, cryptocurrencies, and our environment.

Conclusion

Overall, NFM coin is an innovative new digital currency helping keep our planet clean by reducing carbon dioxide emissions through recycling efforts while also providing users with an easy way of storing their tokens securely with 2FA verification. With platforms like this working towards finding solutions for sustainable cryptocurrency usage, hopefully we will continue seeing positive changes towards preserving our environment in the near future!

• Crypto firm Paxos is facing charges from the SEC over its issuance of Binance USD, a stablecoin.
• The New York state financial regulator has issued a cease-and-desist letter to the crypto company.
• The SEC has also recently charged other US crypto firms such as Kraken and Gemini for similar offenses.

Paxos Faces Charges from the SEC

Crypto firm Paxos is expecting to face charges from the Securities and Exchange Commission (SEC) over its issuance of BUSD, the Binance-centered stable coin. The New York state financial regulator has issued a cease-and-desist letter to Paxos claiming that the firm should not be providing investors with access to Binance USD any further.

Other Crypto Companies Recently Charged By SEC

The SEC charges aimed at Paxos were delivered through what’s called a Wells notice. This informs a company of pending charges before they’re officially filed. It appears the SEC is all set to label BUSD a security. This is the same approach it has taken to so many other U.S.-based crypto firms and trading platforms including Gemini, Kraken, and Genesis.

Statement From Paxos Regarding Situation

Paxos has since put out the following statement regarding the situation: Effective February 21, Paxos will cease issuance of new BUSD tokens as directed by and working in close coordination with the New York Department of Financial Services… This action does not impact our ability to continue serving new or existing customers, our continued dedication to grow our staff, or fund our business objectives.“

Response To Charges From The Crypto Sphere

Many in the crypto space – including Brian Armstrong, the CEO of rival Coinbase – have taken to social media to say they will do all they can to defend staking services which are not securities according to them.

Paxos Will Fight Charges

A spokesperson for Paxos said that the company will fight these charges claiming: “Paxos categorically disagrees with the SEC staff because BUSD is not a security under federal securities law.“

• Cardano (ADA) price is trading in a bearish zone below the $0.355 support zone against the US Dollar.
• There are two bearish trend lines forming with resistance near $0.3400 and $0.3580 on the 4-hours chart (data feed via Kraken).
• The price could continue to move down if it stays below the $0.3550 resistance zone.

Cardano Price Analysis

Cardano (ADA) price is trading in a bearish zone below the $0.355 support zone against the US Dollar. The price even declined below the $0.340 support and the 55 simple moving average (4-hour). A low was formed near $0.3210 and the price is now consolidating losses.

Current Price Action

The price is now trading below $0.355 and the 55 simple moving average (4-hours). On the upside, an immediate resistance is near the $0.345 zone which is near 50% Fib retracement level of downward move from swing high of$ 03699 to low of 03210 . The first major resistance is at around$ 03500 level which coincides with 55 SMA(4 hours). Two bearish trend lines have been formed with resistances around 3400 and 3580 on 4 hour chart . If there’s an upside break above 3580, then ADA prices could start rising towards 3800 levels .

Potential Support & Resistance Levels

On lower side, immediate support levels lie at 33280 , 320 and 300 respectively . Any further decline could take ADA prices towards 2800 levels . On upper side, 345 , 350 , 358 are potential resistances for ADA prices .

Indicators

MACD – Currently MACD has started losing pace in bearish direction indicating that bears are still holding control over markets RSI – RSI value has dropped below 50 indicating that market momentum has shifted towards bears side

Conclusion

Overall, Cardano (ADA) price could continue to move down if it stays below the 03550 resistance zone

• The founders of a DeFi crypto investment platform, Forsage, have been indicted by the federal grand jury in the District of Oregon for running a $340 million Ponzi scheme.
• The defendants reportedly promoted Forsage as a decentralized matrix project based on network marketing and smart contracts.
• The DOJ noted that Forsage operated as a Ponzi and pyramid investment scheme, taking approximately $340 million from victim investors globally.

Forsage Platform Founders Indicted

The founders of Forsage, a decentralized finance (DeFi) crypto investment platform, were recently indicted by the federal grand jury in the District of Oregon for running a $340 million Ponzi scheme. The four indicted individuals are Vladimir Okhotnikov, Mikhail Sergeev, Sergey Maslakov, and Olena Oblamska – citizens of the Russian Federation.

How Did They Operate?

The defendants promoted Forsage to the public through social media platforms as a legitimate business; however it was not true. In reality, they operated Forsage as a Ponzi and pyramid investment scheme – taking approximately $340 million from victim investors globally. A Ponzi scheme is an illegal form of fraud which pays earlier investors with funds collected from new investors.

Smart Contracts Involved

Forsage relied on smart contracts on Ethereum (ETH), Binance Smart Chain, and Tron blockchains that were consistent with their Ponzi scheme activities. When investors invested in Forsage by purchasing a „slot“ in a Forsage smart contract, their funds were automatically diverted to other Forsage investors.

Justice Department’s Stance

Assistant Attorney General Kenneth A. Polite Jr., of the Justice Department’s Criminal Division stated: “The department is committed to holding accountable fraudsters who cheat investors, including in the emerging DeFi space…Today’s indictment results from a rigorous investigation that spent months piecing together the systematic theft of hundreds of millions of dollars.“

Conclusion

This case serves as an important reminder to all potential cryptocurrency/DeFi platform users/investors to conduct thorough research before investing any money into such projects or schemes.

• Metal DAO is making progress in the market today, returning to the $1 level it attained on February 12, 2023.
• The trading volume of the asset has increased by 32.66% today.
• Factors That Could Be Behind The Metal DAO Price Surge are Metal Pay and Proton Blockchain Launched.

Metal DAO (MTL) Price Surge

Metal DAO (MTL) is making progress in the market today, returning to the $1 level it attained on February 12, 2023. The trading volume of the asset has increased by 32.66%, indicating a positive trend for MTL holders. In this article, we explore some of the factors that could be driving this price surge for MTL tokens.

Metal Pay Creates Avenue For Faster Payments

Metal DAO aims to simplify its financial services for users without blockchain or FinTech knowledge with its Metal Pay platform which enables users to buy and sell over 65 crypto assets without any additional fees and link their bank accounts to process fiat currency payments. It’s also compatible with EvoShare, allowing users to convert EvoShare cash back into cryptocurrency with ease. Additionally, Metal DAO recently unveiled plans for a Metal Pay Credit Card that rewards users for spending USD with crypto rewards.

Proton Blockchain Launched

Metallicus has produced two blockchains: proton blockchain and metal blockchain; both of which have been gaining traction in recent weeks as more interest is generated from investors and developers alike. Recently, a proposal was submitted by Marshal Hayner (CEO of Metallicus) to Proton Blockchain block producers seeking to unlock the potential of the blockchain by granting several members grants for various projects related to development and research activities within Proton Blockchain’s ecosystem.

Increased Liquidity And Adoption Of Stablecoin XMD

The launch of Meta Dollar (XMD), a stablecoin launched by Metalkus earlier this month has seen an increase in liquidity across exchanges that are listing XMD as well as increasing adoption rates among merchants who support XMD payments via MetaPay Cash & Crypto App.. As more people discover what XMD can offer them, it is likely that demand will continue increasing as more people seek out ways to use digital currencies securely without having to worry about volatility risks associated with other cryptocurrencies like Bitcoin or Ethereum etc…

Conclusion

It appears that several events have contributed towards pushing up Metal DAO’s prices throughout 2021 so far; from increased adoption rates of XMD stablecoin through MetaPay Cash & Crypto App., numerous grants being given out within Proton Blockchain’s ecosystem through Marshal Hayner’s proposal and finally greater accession towards using digital currencies securely via Metal Pay Credit Card reward system – all these factors may be driving up demand for MTL tokens as people look to take advantage of these features offered by MakerDAO’s network..

• Crypto community has donated over $9 million in digital assets to Turkey following the earthquakes.
• Major companies such as Binance, Bitfinex, KuCoin, OKX and Tether have pledged donations to help the victims of the disaster.
• Avalanche Foundation has also joined the fundraising efforts by donating another $1 million in AVAX tokens.

Crypto Community Donate Millions To Turkey Following Earthquakes

The crypto community was quick to respond after reports of massive earthquakes in Turkey and Syria resulted in thousands of casualties with some predicting that the death toll will continue to rise. Major crypto companies such as Binance, Bitfinex, KuCoin, OKX, and Tether have pledged over $9 million in donations to help those affected by this tragedy.

Avalanche Foundation Joins Fundraising Efforts

Apart from the initial responders mentioned above, Avalanche Fundation also joined the fundraising efforts by donating another $1 million in AVAX tokens and encouraged others to donate what they can. The project’s executive director Aytunc Yıldızlı said that these funds would help people recover faster in the wake of this tragedy and added that it is a time for the crypto world to come together and show everyone that it is a force for good and a sign of hope.

Binance CEO Supports Earthquake Relief Efforts

Binance’s CEO Changpeng Zhao commented on the situation stating that the earthquakes have had a devastating effect on many families and businesses in Turkey so it is their duty to support relief efforts where they can. He went on to say that he hopes other businesses will join them and do whatever they can for those affected too.

Donations Reach Over $2 Million

As more cryptocurrency companies pledge their donations, relief funds have now reached over $2 million which will go towards helping those affected by this tragedy get back on their feet again. This shows how powerful cryptocurrency can be when used for humanitarian causes like these.

Crypto Industry Unites For Good Causes

This incident shows how unified and supportive the crypto industry can be when it comes to helping out with good causes such as relief efforts for natural disasters like this one. It is inspiring to see how quickly major players came together to provide assistance during times of need which could not be done without cryptocurrency technology today.

What is Crypto Loan?

Crypto loans are amazing tools for two kinds of crypto users: first, those who need an amount to make profits on their trading, and second, those who hold crypto for the long term. With a crypto loan, users provide a certain amount of their cryptocurrencies as collateral and receive a loan in stablecoins in return. The loan-to-value (LTV) is set at either 50% or 70%, meaning that users receive 50% or 70% of the value of their collateral in the form of a loan. The annual percentage rate for Tokex’s crypto loans ranges from 12% to 16%.

How to Borrow Cryptocurrency?

To take out a crypto loan with Tokex, users must calculate their crypto-backed loan using different collateral and LTV options, then specify their payout address where they want to receive funds. Confirm it by phone or email.

Benefits of Crypto Loan

Crypto loans offer many benefits such as low monthly fees and the added security of a regulated exchange, enabling cryptocurrency enthusiasts to earn passive income from their digital assets while minimizing risk and protecting against the volatility of cryptocurrency prices.

Advantages of Using Tokex Exchange

Tokex is an ideal platform for obtaining stablecoins like USDT, USDC, and BUSD for trading or selling due to its low annual percentage rate ranging from 12% to 16%. Users can close their loans at any time, and if the price of their collateral falls to the liquidation level, the collateral will be automatically liquidated and the loan closed to protect against loss.

Conclusion

In conclusion, Tokex provides an innovative service allowing users to easily obtain stablecoins with low fees while minimizing risk through its automated liquidation processes which helps protect against losses caused by market volatility.

• Filecoin (FIL) has seen a nearly 10% jump in the last 24 hours.
• FIL has traded between $5.02 and $5.76 in the last 24 hours, with a market capitalization of more than $2 billion.
• The technical indicators suggest the bullish trend is weakening, with the possibility of FIL dropping lower if the bullish thesis is invalidated.

The cryptocurrency market has seen a healthy increase in the prices of altcoins over the past three weeks, and Filecoin (FIL) is no exception. In the last 24 hours, FIL has reported impressive trading volumes of more than $490 million, resulting in a nearly 10% jump in its price. At the time of writing, FIL was trading at $5.52, according to CoinGecko.

FIL has a market capitalization of more than $2 billion, making it the 34th largest cryptocurrency. Despite the increased buying pressure, there are still concerns over whether FIL will sustain the uptrend and possibly make a 10x gain. To answer this question, it is important to analyze the technical indicators of the coin.

The technical indicators show that the bullish trend is weakening. The MACD line is nearly at par with the signal line after a downtrend, indicating that bears are coming back to the market. These indicators show a likelihood of FIL dropping lower. If the bullish thesis is invalidated, FIL will drop to the immediate support at $5.49. If FIL drops below $5.30, it could erase the gains made in the last 24 hours and plunge to lower levels.

In conclusion, it is difficult to predict the future performance of FIL. An increase in trading volumes could push the coin higher, but it is also possible that the recent gains will not be sustained. Investors should tread cautiously and keep an eye on the technical indicators before making any investment decisions.

• Aptos is a highly scalable Layer 1 blockchain developed by a team of former Diem engineers.
• This week has seen a lot of optimism in the cryptocurrency markets, and it’s likely that Aptos is currently headed for a significant recovery.
• Aptos recently announced their first ever Aptos Twitter Spaces in Mandarin and released NFTs to commemorate the event.

Aptos is a Layer 1 blockchain developed by a team of former Diem engineers with the mission to create a blockchain that is both secure and as similar to the final product as can be found anywhere in the world. This past week has seen a great deal of optimism in the crypto markets and it appears that Aptos is on the path to a significant recovery.

The team recently announced their first ever Aptos Twitter Spaces in Mandarin and released Non-Fungible Tokens (NFTs) to commemorate the event. The NFTs are intended to serve as a reminder of the importance of the Aptos platform and its progress towards its mission of providing a reliable and secure blockchain.

The Aptos team is working hard to make sure the platform is highly scalable and upgradeable. This means that users of the platform will be able to leverage its features and capabilities to the fullest extent possible. With this in mind, Aptos is poised to be a key player in the blockchain space, with the potential to revolutionize the industry.

In addition to the NFTs, Aptos has also released a number of other products and services to help users get the most out of the platform. These products and services include tutorials, support services, and online documentation. All of these help to make Aptos more accessible to users of all tech levels, and make the platform more attractive to new users and investors alike.

Aptos has seen a great deal of growth over the past few weeks, and this trend is likely to continue. With its strong team, reliable platform, and a host of great products and services, it’s no wonder that Aptos has become one of the most popular Layer 1 blockchains in the world. Going forward, it’s likely that Aptos will continue to pump and its price is likely to continue to rise. As such, it’s a good idea to keep an eye on Aptos and its progress as it could be a great long-term investment.

• Bitcoin is currently trading just below the $21,000 mark and is facing a possible drop to $20,000.
• Bitcoin has reached a high of $21,378, but is now facing resistance at the historical price level of $21,470.
• If the current support persists, the bullish trend will continue. If the bears breach below the $20,000 support, the present upswing may come to an end.

The world’s largest cryptocurrency, Bitcoin, is currently trading just below the $21,000 mark but faces a possible drop to $20,000. Despite the current price surge, it is difficult for Bitcoin to stay above its recent high. Yesterday, BTC rose to a high of $21,378 before falling back. The cryptocurrency is now circling the psychological $20,000 mark.

Bitcoin’s price has seen a considerable increase over the past few days, reaching a high of $21,378. However, this historical price level has become a resistance level as buyers are beginning to experience bullish fatigue. As of now, the price of Bitcoin is slightly above the $20,000 level of support, indicating that if the current support persists, the bullish trend will continue.

On the other hand, if the bears breach below the $20,000 support, the present upswing may come to an end. If that happens, the cryptocurrency will continue to fall below the $18,391 breakthrough milestone. In order to maintain the current upswing, Bitcoin must break the resistance level of $21,470. If it is able to do so, it could embark on a surge to new highs of $22,794 and $25,068.

At the moment, it remains to be seen how the market will react to Bitcoin’s current price movements. Investors should keep an eye on the $20,000 level of support and the $21,470 resistance level to get a better understanding of where the price of the cryptocurrency is headed.