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A crypto trader by the name of Harry shared his Elliott Wave Analysis for Ripple (XRP) this morning alongside a warning that traders should take note of the current situation on the remittance token’s charts. In his tweet, the trader added that swing traders might potentially be unable to afford XRP as its price will rise in the coming months. According to the trader, XRP’s price seems to have completed its bearish wave 2 correction recently. He also added that XRP’s price has been printing a fulcrum/double bottom pattern since June of last year in search of a confirmed wave 2 completion. The trader then went on to say that XRP’s price has closed above the last 30, 60 and 90 day closes and that hedge funds may start looking at buying XRP at this point. Furthermore, wave 3 is starting and exchange/market maker bias is becoming more correlated to retail holders than it has been for the last few months, according to the trader. If the trader’s Analysis plays out, then tr...

A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan Deposits Surge in Russia Fewer Russians want to open local bank accounts in major Western currencies amid restrictions on what they can do with their money. Data from the Bank of Russia shows that about half of all foreign currency savings in Russian banks have been transferred to foreign bank accounts in 2022, and interest in new deposits has noticeably dropped, the daily Izvestia wrote in an article. A “massive decline” in demand for deposits in U.S. dollars and euros is to be expected, according to Anna Romanenko, director of communications at the financial marketplace Vbr.ru. The number of banks supporting deposits in these foreign curre...

Bitcoin holds firm around $29,000 as markets escape a "shock" from the week's main macro event. Bitcoin (BTC) stayed choppy at the April 28 Wall Street open while United States macro data conformed to expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PCE offers "nothing to shock" Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $29,000 mark on Bitstamp. U.S. Personal Consumption Expenditures (PCE) Index data, tipped as the macro event of the week, failed to deliver a performance catalyst as numbers broadly conformed to what markets had already priced in. “The trend is our friend, however core sticky for now - hovering at 4.6% since December,” financial commentator Tedtalksmacro responded, adding in Twitter comments that the latest numbers were “Overall nothing to shock the market.” U.S. equities thus showed little movement at the open, while for Bitcoin, Binance order book data showed modest bid l...

On April 27, NvirWorld was introduced on CNN as a company that recently signed an official contract with the global NGO World Vision to promote the “Global Blockchain Donation Project”. advertisement NvirWorld’s Charitable Donation Campaign and Sustainable Donation Project NvirWorld has been known for its blockchain-based charitable donation campaign and has recently partnered with World Vision to launch a sustainable donation project through its newly launched hybrid decentralized exchange, INNODEX. Sponsors can donate in Ethereum and Solana without being restricted by borders, making it easier for World Vision’s 10 million supporters worldwide to donate cryptocurrency with just an email. This service lowers the entry barriers to DeFi and provides a natural opportunity for World Vision’s existing supporters without any blockchain experience to encounter blockchain. Revolutionizing the Decentralized Exchange with Innovative S...

Federal Reserve Chairman, Jerome Powell, was tricked by Russian pranksters posing as Ukrainian President Volodymyr Zelenskiy. Moreover, the Fed chair conducted a fake call with the supposed president in a new video that surfaced today.  The chairman was under the assumption that he was speaking to Zelenskiy, according to a Fed spokesperson. Moreover, the video that has been posted shows Powell answering a host of questions regarding things like inflation and the Russian Central Bank.  Powell Gets Pranked In a rather interesting turn of events, Federal Reserve Chair Jerome Powell was tricked by Russian pranksters posing as Ukrainian President Zelenskiy. Subsequently, a video of the fake call depicted two Russian pranksters posing as Zelenskiy in several clips. The footage shows Powell talking to the pranksters under these now-revealed false pretenses. Additionally, a Fed spokesperson said, “Chair Powell participated in a conversation in January with someone who misrepr...

The meme coin hype is far from cooling down. While the captains of the ship, Dogecoin and Shiba Inu, are hibernating, others like Baby Doge Coin and Floki Inu have risen to the occasion. In fact, the launch of a new meme coin called Pepe in mid-April got the community even more excited, as few investors made millions in profit by trading. Tapping into the trend, a scammer created several fake coins to lure investors. According to on-chain sleuth ZachXBT, the person launched around 114 meme coin scams in just the past one-and-a-half months. On most occasions, the stolen funds from the scam have been sent to the same deposit address. Over the past 1.5 months one person has created 114 meme coin scams. Each time stolen funds from the scam are sent to the exact same deposit address. 0x739c58807B99Cb274f6FD96B10194202b8EEfB47 pic.twitter.com/uwVAiG9WGG — ZachXBT (@zachxbt) April 26, 2023 Also Read – Exclusive: Doge Documentary to be “The Wildest” Film Ever Seen ZachXBT fu...

The Aave Pool for Institutions One of the major downfalls of DeFi at the moment is that it doesn’t require KYC/AML and isn’t regulated. The problem with this is that major institutions don’t want to participate in something that could get them into trouble just because suitable laws haven’t been set in place. advertisement Aave’s new permissioned Arc pool aims to resolve this issue by creating a pool specifically designed for institutions, by bringing in regulatory compliance to decentralized finance (DeFi) space they can onboard institutions that wish to try out this new technology legally. According to Stanl Kulechov, Founder and CEO of AAVE: DeFi represents a powerful wave of financial innovation including transparency, liquidity, and programmability–and it’s been inaccessible to traditional financial institutions for far too long. The launch of Aave Arc allows these institutions to participate in DeFi in a compli...

Space and Time, a leader in decentralized data, announced the beta release of its data warehouse and developer suite. Additionally, Space and Time announced a number of events that will take place during the 2023 Consensus Conference from April 26–28. Space and Time Co-founder and CEO Nate Holiday shared his excitement about opening its data warehouse and a suite of data services to developers everywhere. Space and Time is enabling a new era of data verifiability. As smart contracts and AI are increasingly integrated into business processes, Space and Time aims to ensure that they’re connected to and trained on verifiable data and computation. During the Consensus Conference, Space and Time has several events planned in collaboration with other companies. These include Space and Time Product Day on Wednesday, April 26, presented by Hashkey Capital, followed by an open Space and Time Ecosystem Night presented by Chainlink. Space and Time will notably showcase its n...

Join Our Telegram channel to stay up to date on breaking news coverage The Cronos price prediction shows that CRO is beginning to restart the uptrend after trading below the moving averages. Cronos Prediction Statistics Data: Cronos price now – $0.070 Cronos market cap – $1.73 billion Cronos circulating supply – 25.2 billion Cronos total supply – 30.2 million Cronos Coinmarketcap ranking – #36 CRO/USD Market Key levels: Resistance Levels: $0.090, $0.100, $0.110 Support Levels: $0.050, $0.040, $0.030 CROUSD – Daily Chart CRO/USD looks green today as the price hovers around the $0.070 level. However, a daily close above the 9-day and 21-day moving averages may increase the Cronos price to $0.080. Therefore, traders should note that a consistent price increase may bring more buyers into the market as bulls increase their positions. Cronos Price Prediction: Price May Begin to Break Higher In the past few days, after the Cronos price...