What You Should Be Looking For in Crypto Currency News

In the world of crypto currency news, you may be asking yourself what you should be looking for in the market. We've compiled a list of key trends and news that could affect the prices of cryptocurrencies in the near future.
LUNC is pumping this week after key technical breakout

The LUNC price has made a bullish reversal this week after a key technical breakout. After a downtrend that lasted more than six months, the LUNC has risen to $0.000038 in the past week. Although it remains at a relatively low level, it looks as though the LUNC price is heading for the next resistance level.

The LUNC price is currently trading above the 21-day Moving Average. It is also above the 50- and 200-Day Moving Averages. This is an excellent sign of a bullish reversal. However, the LUNC price is also below its critical support levels.

On the back of the recent rally, LUNC has surpassed its previous high of $0.000035. It has also managed to break out of a symmetrical triangle. If LUNC can continue its momentum, it might even skyrocket to the next resistance level at $0.00038.

In the past seven days, the LUNC price has been gaining momentum, and the price is now up 40% from its previous low. Some analysts believe this is a precursor to a big rally in the weeks to come.

On Monday, a break out was noted, and LUNC rose to the next significant resistance level. A 1.61 Fib retracement of the height of the triangle is also an important area to watch.

Another technical indicator to keep an eye out for is the BoP indicator. A negative BoP indicator may soon trigger bearish pressure, which could drive the LUNC price down to the most important support level at $0.00014.

Another key area to watch for is the RSI-14. Currently, it is hovering around an initial bullish region of 46. It is slowly moving in a northward direction.

While the LUNC price has risen, the LUNA token is also fluctuating. The token has the potential to attract a wide range of investors. But, it also has the potential to fall.

With the price at its current level, it would take 98 years to reach the $1 mark. The LUNA price might drop to a more reasonable price of $2.45 in the coming weeks. Until then, however, it is still in a downtrend.
Binance may have lost more than $100 million following a hack of its Binance Smart Chain blockchain network

The world's largest crypto exchange, Binance, may have lost more than $100 million in an attack on its Binance Smart Chain (BSC) blockchain. However, the company is working hard to minimize the impact of the hack.

The company has hired a number of security firms to help mitigate the effects of the attack. They will also be launching a new on-chain governance system to fight off future attacks.

While Binance has defended its quick response to the hack, the company says it could have handled the issue better. After detecting an exploit on the BSC Token Hub cross-chain bridge, Binance temporarily shut down the platform. This prevented thieves from withdrawing the vast majority of funds from the company's ecosystem.

The company also said it would work with regulators and policy makers to help establish standards for decentralized financial platforms. It has pledged to lock down vulnerable areas and reimburse users who have lost money.

In addition, Binance said it is partnering with the Elliptic crypto research firm to implement a new on-chain governance mechanism. These smart contracts will allow validators to approve or reject proposed code changes. OKX review

While a number of crypto platforms have been hit by attacks this year, Binance has been the target of one of the largest. On Thursday evening, a hacker targeted the BNB Chain, the network operated by the company. Initially a few million tokens were stolen, but the majority of the funds were frozen.

The company's chief executive, Changpeng Zhao, estimated the amount of funds taken was between $100 million and $110 million. Although the actual loss was smaller than expected, the incident is another reminder that decentralized finance is not completely secure.

While the hack didn't have the effect of wiping out Binance's user funds, it slowed down its operations for a few hours. The company's executives apologized to customers and promised to reimburse them for any losses they may have suffered.

Binance has moved on with the BNB Chain, but it is still possible that hackers will find other ways to steal more assets. As decentralized finance grows, it becomes more difficult for companies to quickly resolve issues.
FTX filed for bankruptcy protection in the United States

FTX, the third largest crypto exchange in the world, filed for bankruptcy protection in the United States earlier this month. The company has been struggling to raise billions of dollars in funds to stave off its collapse. Its failures have been the subject of numerous allegations of mismanagement and fraud.

FTX has also been the target of investigations by many different jurisdictions. It has also been the subject of a criminal investigation by the US Attorney's office in the Southern District of New York. Several of its affiliates have been placed under investigation.

In its bankruptcy filing, FTX listed more than one million creditors. Some estimates place the total amount of customer losses at billions of dollars.

A major concern is whether FTX's customers have crypto assets. If they do, these would be divvied up and paid to all creditors. During normal bankruptcy procedures, this would be done pro rata. However, lawyers in other crypto bankruptcies have taken the position that whatever is in the estate belongs to the estate.

In addition, the Securities and Exchange Commission has accused the firm of illegally using investor money. Bank of America analysts have questioned the "contagion risk" of FTX.

While FTX is in early stages of restructuring, the company is reviewing its assets and preparing to sell them. In its first day declaration, FTX identifies five core objectives:

The bankruptcy filing includes a few hundred FTX entities. Many are related to the group through contractual agreements. They include a dozen holdings, including the aforementioned Alameda and several local holdings.

FTX Group employees are expected to continue working with the group during the chapter 11 proceedings. According to the bankruptcy filing, the group has a number of valuable assets.

The FTX bankruptcy filing lists the company's liabilities between $10bn and $50bn. This figure excludes the FTX Express Pay Ltd. and FTX Digital Markets Ltd. As a result, the filing does not contain the names of all of FTX's creditors.

FTX has been facing an intense media scrutiny. Major media outlets have argued that the exchange is trying to hide information. Until the court makes its final decision, however, FTX's customers have no idea what is going on.
Future use-cases for cryptocurrencies

Cryptocurrencies are digital assets that can be bought and sold online. They are also used as payment methods.

The use of cryptocurrencies for conducting business presents some challenges. However, they can provide an opportunity for brands. Some companies have already started using the technology to improve their processes and to reduce fraud.

Cryptocurrencies offer an anonymous payment method that can be used to conduct transactions without middlemen. This can help businesses make payments to new demographic groups. It also provides an avenue to secure IP rights for digital content.

More and more retailers are now accepting crypto. These types of transactions will likely grow as interest in the technology increases. While some financial institutions are still hesitant to accept these payments, others are piloting crypto payments.

Another benefit of cryptocurrencies is the increased security they offer. Cryptocurrencies use sophisticated mathematical algorithms to verify the transfer of funds. Users keep a ledger of transactions and update the ledger as necessary.

Cryptocurrencies are also gaining ground in the cross-border payments space. These payments have faster settlement cycles.

The potential for these types of payments to affect the international remittances market is very real. Currently, most leading payment providers are still in disagreement about implementing these payments. But, if these issues are resolved, enabling crypto payments could be a relatively simple process for corporations.

Other potential applications include emission allowances, origin guarantees, and energy supply transactions. Lastly, blockchain networks could be beneficial in the real estate market.

As the use of cryptocurrencies for conducting business continues to expand, it is important for companies to consider what they can do to make the most of this growing market. For example, brands can become educators, facilitators, and safety nets. By offering education to the curious intender and facilitating trades, they can position themselves as trusted partners.

In addition, a brand can position itself as a bridge between traditional financial institutions and the future of cryptocurrencies. A company's internal financial funding can begin by purchasing crypto.

Ultimately, a brand can use programmable money to enhance transparency and enable real-time revenue sharing. This can create a safe place for companies to introduce new technology to their internal teams.