Cosmos (ATOM) Rallies With Over 10% Gain As Indicator Shows Not In Safe Zone

ATOM’s price shows strength as price bounces off from a weekly low of $8.5 giving bulls some relief.  ATOM’s price continues to look bearish as more sentiment for the market lingers, with things looking uncertain for most traders and investors.  ATOM’s price rallies high on the daily timeframe as the price moves toward the 50 Exponential Moving Averages (EMA) price, looking less likely to break higher. The price action displayed by Cosmos (ATOM) recently hasn’t been motivating after prices declined from a region of $27 to a weekly low of…

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Bitcoin Price Prediction: Recovery Just Getting Started or It’s Bull Trap?

Bitcoin price gained pace and was able to clear $16,500. BTC must settle above $17,000 to start a real recovery in the near term. Bitcoin started an upside correction and climbed above the $16,500 resistance. The price is trading above $16,400 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $16,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it settles above the $17,000 resistance zone. Bitcoin Price…

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Aussies warned to avoid crypto paper wallets they find on the street

Australians have been warned to stay away from suspicious-looking fake Bitcoin paper wallets, which work by luring victims into accessing a lucrative crypto wallet but will ultimately drain them of their own crypto holdings. According to a Nov. 22 post on the Facebook page of the NSW Police Force, the scam starts as a paper cryptocurrency wallet with a QR code, which is made to appear like a legitimate Bitcoin paper wallet. These are strewn by scammers in public locations such as streets or parks. An example of the scam…

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US Seizes Domains Used in ‘Pig Butchering’ Crypto Scam

U.S. authorities have seized seven domains used in “pig butchering” cryptocurrency schemes. “Once the money is sent to the fake investment app, the scammer vanishes, taking all the money with them, often resulting in significant losses for the victim,” the Department of Justice warned. 7 Domains Used in Pig Butchering Crypto Scam Seized The U.S. Department of Justice (DOJ) announced Tuesday “the seizure of seven domain names used in a recent cryptocurrency confidence crime, known as ‘pig butchering.’” The DOJ explained that “In pig butchering schemes, scammers encounter victims on…

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