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Binance Coin forms a descending triangle above important support … – CoinJournal

The US dollar is the months winner as it rallied against its peers and against major cryptocurrencies in September. Moreover, the strength appears to be more visible against cryptocurrencies.

Take Binance Coin for example. It erased all its 2023 gains (and some more). It also formed a descending triangle right above horizontal support seen at $200. This is dangerous for bulls because, if broken, there is not much left to support the price until much lower.

Binance Coin made a double top pattern during the COVID-19 pandemic. Twice, it tried to break above $700, without success.

Since then, however, it was all downside. The scandals in the cryptocurrency industry surely did not help. After all, FTX went busted, trust was lost, and many chose to leave the industry altogether.

Binance Coin chart by TradingView

In the first quarter of 2022, the Binance Coin found support in the $350 area. It hovered above for a while until breaking lower to the next support level.

Once broken, support became resistance.

So powerful the resistance was that not even the 2023 rally, seen on all major currencies, was enough to break it. Instead, the market formed a reversal pattern (i.e., a triangle) and then erased all its gains for the year.

Currently, it sits right above horizontal support at $200. A break there could spell trouble because there is nothing else to hold the price action until much lower levels.

The US dollars strength is a cause of major disruption in the cryptocurrency industry. But so is the uncertainty in the industry, the ongoing scandals, that led to investors fleeing for good.

Bulls may want to see that descending triangle (in blue on the chart above) invalidated by the market. If not, more pain lies ahead.

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Binance Coin forms a descending triangle above important support ... - CoinJournal

Binance (BNB) and Dogecoin (DOGE) Succumb To Selling Pressure … – Cryptonews

Disclaimer: The text below is an advertorial article that is not part ofCryptonews.comeditorial content.

Pomerdoge is a new project that has shown immense growth in its initial weeks. Experts believe it to grow by 4,000% by the end of this year.

On the other hand, projects like Binance (BNB) and Dogecoin (DOGE) have failed to see an uptick in their value.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Amid the increasing regulatory pressure, Binance (BNB) has decided to end P2P (peer-to-peer) payments support for five sanctioned Russian banks. Binance (BNB) has taken this decision after facing severe criticism for its indifference towards the international sanctions against Russia.

For the past many months, Binance (BNB) has been trapped in troubled waters. The SECs lawsuit against Binance has caused a severe erosion in the market capitalization of BNB. The market capitalization of the fourth-largest cryptocurrency, Binance (BNB), has dropped by $15 billion over the last two months.

Meanwhile, the market value of Binance (BNB) has dipped 11% on the weekly chart. Thus, Binances (BNB) current trading price has come down to $217.50.

Barring Xs CEO, Elon Musk, nothing seems to be favoring Dogecoin (DOGE) at present. As per the latest data from Santiment, the supply of Dogecoin (DOGE) on exchanges has increased in recent weeks. This indicates that investors are willing to shed their Dogecoin tokens, as they fear DOGE can slide further.

In the last month, Dogecoins (DOGE) market value has plummeted by around 19%. Therefore, Dogecoins (DOGE) trading price has fallen to $0.0629. Moreover, LunarCrushs data has shown that bearish sentiments around Dogecoin (DOGE) have increased by around 10% in the past three months. Thus, it can aggravate the condition of Dogecoin (DOGE).

Pomerdoges presale has become a new market sensation. To date, it has sold more than 180 million POMD tokens, and over $4.8 million have been raised. Thus, it indicates a massive demand for this new project. It is a P2E (play-to-earn) Web3 project that is likely to surpass Shiba Inu and Dogecoin in growth soon. As per a market report, the global P2E (play-to-earn) gaming industrys size can sail at a CAGR of more than 21% in the next five years.

It is ready to launch a P2E game, called Pomergame, in Q4 2023. It will empower players to go to battles and earn rewards and money. Besides, they can create customized in-game items to upgrade their avatars. The players will be able to trade their in-game assets with other gamers in the community.

The platform will also launch 7,777 non-fungible tokens (NFTs). But, only POMD holders will be allowed to buy and own these NFTs. Its ecosystem is run by POMD tokens, and will offer a wide range of benefits. Its users can also stake tokens to yield extra income.

The first stage of the Pomerdoge presale is selling out quickly, and the value of a token has skyrocketed by around 120%, from $0.007 to $0.0165, within a few days. As per market pundits, the tokens market value can pump by 1,700% during the presale round. After the end of the presale round, the platform will enlist the tokens on Uniswap.

Click Here to Buy Pomerdoge (POMD) Tokens.

Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge

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Binance (BNB) and Dogecoin (DOGE) Succumb To Selling Pressure ... - Cryptonews

Balancer, Coinbase, Bitcoin, Binance, Walmart and Other Crypto News – Tekedia

Balancer, a decentralized finance (DeFi) platform that allows users to swap tokens and provide liquidity, was hit by a DNS attack on its front-end website on Monday. The attackers managed to hijack the domain name and redirect users to a phishing site that asked for their private keys. Balancer said that no funds were lost and that the issue was resolved within a few hours. The platform advised users to avoid interacting with its website until further notice and to use alternative interfaces such as Zapper or Zerion.

Coinbase, one of the largest cryptocurrency exchanges in the world, has announced that it is closely monitoring the situation of Zcash, a privacy-focused coin that has recently seen a significant increase in its hash rate. According to a blog post by Coinbase, a mining pool called Luxor has managed to capture more than 50% of the Zcash networks hash power, which could pose a threat to the security and decentralization of the coin.

Coinbase stated that it is working with other exchanges and stakeholders to ensure the safety of its customers funds and transactions, and that it will take appropriate measures if any malicious activity is detected. Coinbase also advised its users to be cautious when sending or receiving Zcash, and to avoid using shielded transactions, which are more vulnerable to attacks.

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Ledger, the leading provider of hardware wallets for cryptocurrencies, has announced that its Recover service will be available by the end of 2023. The Recover service is designed to help users who have lost access to their Ledger devices or their recovery phrases to restore their funds. The service will use a combination of cryptographic proofs, trusted third parties and user verification to ensure the security and privacy of the recovery process.

Ledger CEO Pascal Gauthier said that the Recover service is a result of years of research and development, and that it will offer a new level of convenience and peace of mind for Ledger users. We believe that everyone should have the right to access and control their own digital assets, even in the worst-case scenarios. Thats why we have created Recover, a service that will allow our users to recover their funds in a secure and user-friendly way, without compromising on our core values of security and sovereignty, Gauthier said.

According to a report by K33, a crypto analytics firm, Binance was the main contributor to the drop in bitcoin spot trading volume in September. The report stated that Binances spot volume decreased by 31% month-over-month, while the global spot volume declined by 22%. The report attributed the decline to regulatory pressures, competition from other platforms, and lower market volatility.

Taurus, a leading provider of digital asset infrastructure solutions, has announced that it will support private blockchains for its custody and tokenization services. This will enable clients to leverage the benefits of blockchain technology while maintaining control and privacy over their data.

Taurus claims that its platform is the first to offer such a comprehensive solution for private blockchains, which can be used for applications such as digital identity, supply chain management, and asset tokenization. Taurus says that its platform is compatible with any private blockchain protocol, and that it can integrate with existing systems and processes seamlessly.

Walmart, the worlds largest retailer, has announced its intention to explore new opportunities in the metaverse, the virtual environment where people can interact with digital content and each other. The company said it will leverage its expertise in e-commerce, logistics, and customer service to create immersive and engaging experiences for its customers and partners in the metaverse.

Walmart also said it will collaborate with leading platforms and developers in the metaverse space to integrate its products and services into various virtual worlds. The companys goal is to become a leader in the emerging metaverse economy and to offer value and convenience to its customers across different realities.

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Balancer, Coinbase, Bitcoin, Binance, Walmart and Other Crypto News - Tekedia

Why Erdogan and Netanyahu have decided to seek closer ties – Arab News

The highly anticipated encounter between the leaders of Turkiye and Israel, Recep Tayyip Erdogan and Benjamin Netanyahu, finally occurred on Tuesday on the sidelines of the UN General Assembly. This was the first documented meeting between the two leaders. The two countries had close ties until the infamous Mavi Marmara incident of 2010, which was a pivotal moment in the relationship between Tel Aviv and Ankara.

Key highlights from the meeting, which were shared with the press, included an agreement to arrange mutual visits; the possibility of Erdogan visiting Al-Aqsa Mosque in Jerusalem in the near future; cooperation on various fields such as energy, technology, innovation, artificial intelligence and cybersecurity; discussions regarding Israeli-Palestinian relations; and efforts to normalize Israels relations with Saudi Arabia.

The meeting took place a day after Erdogan expressed support for the US administrations initiative to broker an Israeli-Saudi deal, as he believed it could help reduce tensions in the region. It also occurred in the context of warming relations between the two countries, following Israeli President Isaac Herzogs visit to Ankara in March, which marked the first high-level Israeli visit since 2008, and Foreign Minister Eli Cohens meeting with the Turkish leader in February. Indications of improved ties were also apparent in Erdogans speech at the UNGA. In contrast to previous years, he refrained from criticizing Israel.

Erdogan has a long history of animosity with Netanyahu, with the two leaders having publicly exchanged harsh words for many years. Few leaders have experienced such prolonged tension with Erdogan as Netanyahu. Therefore, the meeting held greater significance than merely two ambitious leaders coming together; it reflected the repercussions of multiple factors operating on three levels: domestic, regional and the involvement of the US.

Beginning with the role of the US, the improvement in Turkish-Israeli relations has consistently been intertwined with Ankaras relations with America and the Jewish lobby there. This lobby has significant sway in either bolstering or undermining Turkiyes relations with Washington. Historically, its support has proven beneficial for Ankara in various cases, such as the Armenian issue, Greek claims and arms sales.

The meeting held greater significance than merely two ambitious leaders coming together

Sinem Cengiz

However, following the deterioration of Turkish-Israeli relations, the Jewish lobby changed its stance, leaving Turkiye vulnerable. The US went on to back several decisions that were contentious from a Turkish perspective. Over the years, Ankara has come to recognize that, without the backing of the Jewish lobby, it is challenging for it to make further strides in its relations with the US.

The second factor at play is the shifting regional dynamics that have prompted the two countries to reassess their relations. Historically, regional developments have been a significant driver in shaping Turkish and Israeli calculations toward each other. In the past, when Turkiye faced threats from its neighbors, namely Iraq, Iran and Syria, it tended to draw closer to Israel. Similarly, for Israel, the Iranian threat has consistently been a motivating factor in forging closer ties with Turkiye and other regional powers. The significance of the Iranian factor should not be underestimated in Tel Avivs signing of the historic Abraham Accords with Bahrain and the UAE.

Moreover, the Nagorno-Karabakh war of 2020, which culminated in Azerbaijans victory over Armenia thanks to Turkish and Israeli support, played a role in thawing relations between Tel Aviv and Ankara. One of the consequences of the war was the diminishing influence of Iran in the region. Israels support for Azerbaijan was primarily driven by Tehrans support for Armenia. In seeking to establish a closer relationship with Baku, Israel, which also hosts a sizable Azerbaijani diaspora, provided support against Yerevan. This common cause brought Tel Aviv and Ankara together once again.

The third factor to consider is the situation in Syria, where both countries face similar threats. Moreover, Israel is uneasy about Turkiyes close contacts with Iran and Russia on the Syrian file. Tel Aviv does not want Turkiye to align itself with the Russian-Iranian axis.

From the Turkish perspective, there have been concerns about the close energy ties between Israel, Greece and Cyprus, particularly in regard to the EastMed pipeline, which aims to export Israeli and Egyptian liquefied gas to Europe.

For Turkiye, improving its ties with Israel is part of a broader overhaul of its foreign policy

Sinem Cengiz

For Turkiye, improving its ties with Israel is part of a broader overhaul of its foreign policy a policy that had left Ankara isolated in the region. Turkiye is also expected to strengthen its ties with the Gulf countries, so the restoration of ties with Israel aligns with this policy as well as with the US-mediated Abraham Accords. Turkiye is now not as vocally against the Abraham Accords as it was when they were signed in 2020.

At the domestic level, it is worth noting the observation of prominent scholar Louis Fishman, who has written: If you look at the two countries domestic politics, they perhaps are much more alike than different, like two peas in a pod.

Netanyahu has faced legal challenges for several years, including allegations of corruption, fraud and breach of trust, which have triggered a political crisis in the country. He needs to demonstrate to the public that he is reconciling with former regional rivals for the sake of the economy. In Turkiye, the situation mirrors this, as Ankara is striving to break its regional isolation to attract financial investments.

Both countries now seek to increase bilateral trade, even though it is important to note that Turkiye remained a key trading partner of Israel even during the height of the tension between the two countries. In recent months, they have also discussed the idea of an Israel-Turkiye natural gas pipeline, though the likelihood of such a project materializing appears extremely low for a variety of reasons.

Thus, economic and energy-related interests, closely linked to domestic gains, shifting regional dynamics and the US factor, play a predominant role in the new phase of Turkish-Israeli relations initiated by Erdogan and Netanyahu.

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

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Why Erdogan and Netanyahu have decided to seek closer ties - Arab News

Deadlocks get resolved, Trkiye pleased with developing … – Anadolu Agency | English

NEW YORK

Trkiye is pleased with its developing cooperation with the US, President Recep Tayyip Erdogan said on Monday.

"We have resolved most of our deadlocks during talks with (President Joe) Biden, and we have decided to hold more talks," said Erdogan during a roundtable discussion with think tank representatives in New York, where he is taking part in the UN General Assembly.

The Turkish leader said the two nations will strengthen cooperation in efforts against terrorism, which he said poses threats to both countries."

In reference to US support for the terrorist YPG/PKK in northern Syria, Erdogan stressed that there can be no partnership with terror groups.

Turkish President Recep Tayyip Erdogan speaks at the 13th Concordia Annual Summit in New York, United States

"Every development in our region demonstrates how wrong the distinction between good terrorists and bad terrorists is. There is no negotiation with terrorists and no friendship or partnership can be established with them," he said.

In his remarks, Erdogan also mentioned Trkiye's contributions to solving global and regional problems, promoting peace, stability, and prosperity in the region, and addressing injustices within the international system.

Turning to the ongoing war in Ukraine, Erdogan said Ankara is actively working towards ending the conflict with a just and lasting peace. He stressed Trkiye's commitment to diplomacy as a means to establish permanent peace in all conflict areas and to expand its network of international friendships.

The president also highlighted the importance of strengthening international solidarity, particularly in the non-partisan fight against terrorist groups such as the PKK, Daesh/ISIS, and the Fetullah Terrorist Organization (FETO), a terror group which in 2016 launched a defeated coup against Trkiye that killed thousands of people.

He also emphasized the need for a dignified and safe return of Syrian refugees to their home country.

President Erdogan is currently in New York to attend the 78th session of the UN General Assembly. He is set to deliver his address to the session on Tuesday.

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Deadlocks get resolved, Trkiye pleased with developing ... - Anadolu Agency | English