Quant (QNT) Struggles Above Key Support Of $100; Here Are Levels To Watch

 QNT’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $100.   QNT’s price continues to look weak as bearish market sentiments increase, with things looking uncertain for most traders and investors.  QNT’s price looks weak and continues to trade below the daily 50 Exponential Moving Average (EMA) as bulls attempt to reclaim the region. The price action displayed by Quant (QNT) in previous weeks was not short of a spectacle but has yet to meet those expectations, with…

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Bitcoin Price Recovery Remains Capped, Why 100 SMA Is The Key

Bitcoin price started an upside correction from $15,500. BTC is now facing a strong resistance near the $16,300 zone and the 100 hourly SMA. Bitcoin found support near $15,500 and started an upside correction. The price is trading below $16,300 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $16,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $16,300 level and the 100 hourly SMA. Bitcoin Price…

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Genesis calls in restructuring expert in its fight to avoid bankruptcy

Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy.  It is understood that the firm has hired investment bank Moelis & Company to explore options, while people familiar with the situation have stressed that no financial decisions have been made and that it is still possible for the company to avoid a bankruptcy filing, according to a New York Times report on Nov. 22. Interestingly, Moelis & Company was also one of the…

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Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and connected to develop the regulatory frameworks necessary to prevent a crypto shock that could have a much greater destabilizing impact,” said the deputy governor. Bank of England’s Cunliffe on FTX Collapse and the Need for Crypto Regulation Sir Jon Cunliffe, Bank of England’s deputy governor for financial stability, shared his view on the collapse…

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