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The trader who predicted the end of last year’s crypto bull market says he sees one Ethereum (ETH)-based altcoin posting massive gains in the coming months.
Closely followed analyst Pentoshi tells his 615,400 Twitter followers that decentralized oracle network Chainlink (LINK) has been showing relative strength versus the broader crypto markets.

According to Pentoshi, Chainlink is currently trading at a level that served as its staging ground in December 2020 before rallying to its all-time high of $52.20 the following year.
“Above average looking charts at high time frame support on USD [US Dollar] pair dating back to 2020. Will be looking for this as a mid-term play leading into [staking in December].”
Source: Pentoshi/Twitter
At time of writing, LINK is swapping hands for $7.79. A move to Pentoshi’s target of $12.45, as shown in the chart above, suggests an upside potential of nearly 60% for the top oracle network.
Looking at Bitcoin (BTC), Pentoshi says the king crypto is gearing up for wild price swings after months of trading within a narrow range.
“When you look at BTC dominance and BTC itself, everything suggests we are about to have a pretty strong move. 
Everything is lining up at the moment.  After a month of basically nothing except us yelling at each other over 2% moves, it is time for some volatility.”
Source: Pentoshi/Twitter
As for the possible direction of the big move, Pentoshi believes that Bitcoin is likely poised for a swing to the upside.
“In my opinion, these are signs of short-term bottoming happening at least locally forming. Bear market rally getting ready for the making soon, in my opinion. Again. I’d rather be a buyer at a level like this than shorting. If there’s a great spot to be wrong for me, it’s here.” 
Source: Pentoshi/Twitter
According to Pentoshi’s chart, Bitcoin is trading above its weekly support level while forming a possible double bottom pattern, a technical analysis formation that suggests a reversal in BTC’s downtrend.
At time of writing, Bitcoin is changing hands for $20,246, a 3% increase on the day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Mia Stendal
Generated Image: DALLE-2
The post Top Crypto Analyst Predicts Massive Rally for Ethereum-Based Altcoin, Says Bitcoin Lining Up for Strong Move appeared first on The Daily Hodl.


The trader who predicted the end of last year&#8217;s crypto bull market says he sees one Ethereum (ETH)-based altcoin posting massive gains in the coming months. Closely followed analyst Pentoshi tells his 615,400 Twitter followers that decentralized oracle network Chainlink (LINK) has been show...

dailyhodl.com

Top Crypto Analyst Predicts Massive Rally for Ethereum-Based Altcoin, Says Bitcoin Lining Up for Strong Move

To everyone’s surprise, the Celsius Network is still operating after the drama surrounding its bankruptcy in July. Alex Mashinky, the company’s CEO, quit on September 27 despite the announcement of a revival.
The Securities and Exchange Commission joined the chorus of agencies that came down hard on the company. When the SEC ruled that interest-paying crypto investments must be registered, Celsius found itself under a microscope.
The native token of Celsius, CEL, was impacted by these events, but what’s more unexpected is that CEL is still being used. However, investors of CEL tokens will be even more dissatisfied now that controversy surrounds the token.
As of this writing, CEL is trading at $1.37, down 6.5 percent in the last seven days, data from Coingecko show.
A Chill In The Air At Celsius
Unlike most widely traded currencies, trading in CEL right now is extremely light, as evidenced by the gaps in the candle chart. Recent data shows a decline in CEL token trading volume from 19.8 million to 4.49 million. The percentage reduction in business activity was staggering, at 77.3%.
This is hardly surprising given that other on-chain signals also do not bode well for CEL. The market capitalization has decreased from a weekly high of $655,331,055 to $582,698,525. The coin’s trading activity is comparable to tokens with minimal activity.
This is simply CEL burning off over time. Recently, though, the graphs are green.
Is It Doable, Or Not?
CEL is still a tradable asset on the broader crypto market, making it open to speculation despite the fact that it is barely alive.
According to CoinGecko, CEL has gained 2.6% in value over the previous 24 hours. Given that there are gaps in the charts where little to no activity was recorded, this is a major surprise. However, this may not be a true recovery.
Taking into account everything discussed previously, CEL may be on its last legs. Recent reports indicate that CEL’s active addresses have drastically decreased during the past month.
This decline in active CEL trading addresses is a pessimistic indication to potential investors that could boost CEL’s price recovery.


CELUSD pair trying to keep its balance at $1.36 on the daily chart | Source: TradingView.com

Featured image from Forkast, Chart: TradingView.com


To everyone&#8217;s surprise, the Celsius Network is still operating after the drama surrounding its bankruptcy in July. Alex Mashinky, the company&#8217;s CEO, quit on September 27 despite the announcement of a revival. The Securities and Exchange Commission joined the chorus of agencies that ca...

newsbtc.com

Celsius Investors May Be Left Dismayed As CEL Drops 6.5% In Last 7 Days

Amid the growing frauds in the crypto sector, the multinational financial service organization, Mastercard, has unveiled a new feature to prevent and detect crypto-related fraud operations within its network.
Cryptocurrency’s broad adoption by the mainstream has pushed global business platforms to include it. But unfortunately, it also opened a way for fraudsters and cybercriminals to loot people’s hard-earned money in crypto. The worth of cryptocurrencies that moved to criminals’ wallet addresses spiked to a whopping $14 billion in the last year, per Chainalysis.
Related Reading: Why Coinbase Will Launch Crypto Documentary On Amazon
The new initiative will manipulate data gathered from blockchain and public transaction records, among other sources, to assess the risk of criminal activity on crypto exchanges linked with Mastercard Network. Currently, around 2,400 exchanges have partnered with the giant financial firm.
The new crypto fraud protocol, Crypto Secure, will find the risk in crypto exchanges’ transactions using sophisticated algorithms and cut them off if TRXs relate to an illegal transfer.
A California-based blockchain security startup, CiphersTrace, will operate the new platform to prevent fraudulent crypto operations.
It’d provide card issuers and banks with a dashboard representing color-coded ratings regarding the suspicious activity entered. In addition, the new panel on the Mastercard will show the severity of risk from red to green, showing high to low levels of risk. 
Bitcoin’s price has surpassed the $20,000 level. | Source: BTCUSD price chart from TradingView.com
New Tool Will Help Mastercard’s Clients Comply With Regulations
The Secure Tool will set the way for Mastercard’s partner companies to meet the regulatory requirement amidst the growing frauds in crypto, said Ajay Bhalla. He is president of intelligence and cyber at Mastercard. Ajay added;
The idea is that the kind of trust we provide for digital commerce transactions, we want to be able to provide the same kind of trust to digital asset transactions for consumers, banks, and merchants.
Notably, the American financial organization Mastercard has already been utilizing such types of services for fiat money. And now, it has expanded its security system for the sake of Bitcoin and other virtual currencies. 
Mastercard comes to this move when crypto winter has already shaken the spirit of digital asset enthusiasts, and trading volume has dried. Since the peak rally of November 2021, the crypto market has roughly wiped out 2 trillion in value. BTC is currently worth around $20,000, then its ATH of $69,000, representing a 70% decrease from last year.  
Related Reading: Celsius Network Sets Auction Date, Sale Hearing For Crypto Assets
When asked about it from Bhalla, he said the company’s new tool aims to provide “solutions to the stakeholders for the long term.” He added;
These are market cycles, they will come, and they will go, I think you’ve got to take the longer view that this is a big marketplace now and evolving and is probably going to be much, much bigger in the future.
Featured image from Pixabay and chart from TradingView.com


Amid the growing frauds in the crypto sector, the multinational financial service organization, Mastercard, has unveiled a new feature to prevent and detect crypto-related fraud operations within its network. Cryptocurrency&#8217;s broad adoption by the mainstream has pushed global business platf...

bitcoinist.com

Mastercard Unveils Secure Tool To Fight Growing Crypto Fraudulent Activities


NFT domains: Users of the 1inch Network can now use human-readable addresses supplied by Unstoppable Domains to transact in 1inch’s product ecosystem.



Under the new agreement, users of the 1inch Wallet can purchase a domain name from Unstoppable Domains that they can freely mint as a non-fungible token (NFT). The user will then be the perpetual owner of the name. Domain names help prevent users from accidentally entering incorrect alphanumeric strings when transacting with other wallets.



“The issues of user experience, security, and identity are still holding back Web3 mainstream adoption. The partnership with Unstoppable opens up opportunities for overcoming these barriers by making Web3 onboarding more fun and attractive, while users will also benefit from a user-friendlier way of transacting,” said Sergej Kunz of 1inch Network. 



1inch Network is a suite of DeFi protocols accessible through a unified frontend. The most popular protocol is the 1inch DEX aggregator that can aggregate or collect prices from multiple decentralized exchanges (DEXs) and split trades to offer consumers the best prices.



Founded in 2018, Polygon-based Unstoppable Domains provides users with a distributed digital identity that can be used across multiple Web3 platforms. Users have the option of having their domain names end in “.NFT,” “.crypto,” “.blockchain,” “.Wallet,” “Crypto,” “.X,” “DAO,” and others. Domain names can also serve as website URLs pointing to censorship-resistant websites. Access to these websites is generally only possible using a crypto-native browser like Brave or Opera’s Crypto Browser.



NFT domains reduce friction



1inch Wallet holders can now use any creative address like Andy.crypto, or David.NFT when transacting, instead of long strings like 0xdafea492d9c6733ae3d56b7ed1adb60692c98bc5, which have proven a barrier to Web3 entry.



“We’re thrilled to partner with 1inch to make transacting with, accessing, and buying crypto simpler and more intuitive than ever,” said Sandy, Senior Vice-President at Unstoppable Domains.



At press time, the Unstoppable Domains NFT collection on OpenSea has a total trading volume of 1242 ETH. According to the company’s website, Unstoppable Domains has registered 2,600,000 customized domain names usable with Trust Wallet, Blockchain.com Wallet, OpenSea Wallet, and Coinbase Wallet. Domain names do not attract high prices on NFT marketplaces because their supply is almost infinite, in contrast to collections like the famous Bored Ape Yacht Club or CryptoPunks collections with a limited number of NFTs in their respective collections.







A growing cohort of domain services



The partnership comes when domain name services are increasing in popularity with Web3 users. The Ethereum Name Service (ENS), which offers domain names ending in “.eth,” recently surpassed BAYC in the seven-day trading volume metric on OpenSea. Over 2.2 million ENS domain names have been created to date.



Another domain name service, Linagee Name Registrar, dating back to 2015, was recently brought to public attention by NFT historian LeonidasNFT to much Twitter fanfare. It allows users to mint domain names as NFTs for roughly $0.70 and wrap them for $3-$4 for listing on OpenSea. So far, the LNR smart contract has processed over 400,000 transactions.











Got something to say about NFT domains or anything else? Join the discussion in our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter.
The post NFT Domains Make Transacting in Crypto Easier appeared first on BeInCrypto.


NFT domains: Users of the 1inch Network can now use human-readable addresses to transact in 1inch's product ecosystem.
The post NFT Domains Make Transacting in Crypto Easier appeared first on BeInCrypto.


beincrypto.com

NFT Domains Make Transacting in Crypto Easier

A Financial Times report claims Celsius Network founder Alex Mashinsky withdrew millions of dollars in digital assets from the platform weeks before the bankrupt crypto lender froze customer accounts as its position worsened.
The report says Mashinsky withdrew $10 million worth of digital assets in May at a time when the crypto lender’s customers were panicking due to falling prices.

The crypto lender froze withdrawals on June 12th and a month later filed for bankruptcy.
A spokesperson for Mashinsky claims that the Celsius Network founder, who resigned last week as the crypto lender’s CEO, withdrew the funds to meet tax obligations, according to the report.
“In mid to late May 2022, Mr. Mashinsky withdrew a percentage of cryptocurrency in his account, much of which was used to pay state and federal taxes. In the nine months leading up to that withdrawal, he consistently deposited cryptocurrency in amounts that totaled what he withdrew in May.”
According to the Financial Times, around $8 million of the funds withdrawn by Mashinsky were used to pay taxes. The remaining $2 million was a predetermined withdrawal as part of the Celsius founder’s estate planning, says the report.
Besides the crypto market downturn, The Financial Times says that poor weak internal systems contributed to Celsius Network’s troubles.
According to the report, the crypto lender’s weak internal systems resulted in Celsius Network sometimes paying out more in interest on the digital assets deposited on the platform than it was getting from lending out the same.
It was also reported in August that Celsius Network lost hundreds of millions of dollars engaging in proprietary trading.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Zaleman
The post Celsius Founder Alex Mashinsky Withdrew $10,000,000 Worth of Crypto Prior to Bankruptcy Filing: Report appeared first on The Daily Hodl.


A Financial Times report claims Celsius Network founder Alex Mashinsky withdrew millions of dollars in digital assets from the platform weeks before the bankrupt crypto lender froze customer accounts as its position worsened. The report says Mashinsky withdrew $10 million worth of digital assets ...

Theta Network price	$1.06
Low - High 24H	$1.06 - $1.09
Market cap	$1.06B
Volume 24H	$15.98M
All time high	$15.72 -93.24% April 16th 2021
All time low	$0.0404 2530.42% March 13th 2020
Genesis date	N/A

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