Friday, January 28

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Shiba Inu Price Analysis: Dead Cat Bounce for SHIB as the Correction Continues

Key Support level: $0.000044; $0.000032 Key Resistance level: $0.000055; $0.000063 SHIB’s recovery from the drop last week was impressive, but bulls failed to push the price above the key resistance at $0.000063, and bears took control again, pushing it under $0.000055, which now also acts as resistance. This leaves SHIB with the support found at $0.000044. If the bulls fail to step up soon, a retest of the support becomes likely. Failure to hold there and the next support will be found at $0.000032. Chart by TradingViewTechnical Indicators of SHIB Price Trading Volume: The volume on the bounce from support was very strong, unlike the current decline. This is usually bullish, but it’s too early to tell as bears can always return in force to take price back on support. R...
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Olympus X7 – Possible Bitcoin Pyramid Offers 197% Yields

A possible Bitcoin pyramid in Brazil began to attract customers through WhatsApp, with the promise of income of up to 197%. This novelty comes at a time when it started to have more police operations in Brazil, with an increase in the creation of coups in the market in recent months. All of them emerged to try to attract investments at a time when the price of Bitcoin is high, in other words, they are taking advantage of a hot topic to possibly recruit clients. To invest in the possible new scheme in the area, investors must have Bitcoin, BankOn or PIX, the payment system of the Central Bank of Brazil. Possible Bitcoin pyramid in Brazil begins to capture with promises of 197% profit Called Olympus X7 197%, the company claims in its publications made with “Entrepreneurs” that it is rais...
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Mexico wants to impose 20% tax on bitcoin transactions

The Taxpayer Defense Attorney (PRODECON) in Mexico declared that cryptocurrencies should have an Income Tax (ISR) of 20%. This policy would force Mexicans to pay that percentage on 20% of any transaction made with bitcoin or other cryptocurrencies. The release It was issued by the body in a report it made on cryptocurrencies on November 5. In the published document, PRODECON maintains that operations with these Assets would have to comply with the provisions of article 126 of the Income Tax Law. This postulate of the Law requires the payment of a 20% tax rate. on the total amount of an operation. Currently this parameter applies to the alienation - sale, assignment or donation - of assets such as real estate. Said value must be retained by the acquirer, that is, the ...
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NNPC insists on adequate petrol supply, no plans to increase pump price

The Nigerian National Petroleum Corporation (NNPC) has once again denied any plans to increase the price of Premium Motor Spirit (PMS), otherwise known as petrol and advised the public not to engage in panic buying of the product. The NNPC said it was also not aware of any plan by the government to cause an increase in the pump price of petrol. This disclosure is contained in a statement issued on Monday and signed by the Group General Manager, Group Public Affairs Division of NNPC, Garba Muhammad, in Abuja, assuring that the NNPC had over 1.7 billion litres of petrol in stock. According to NAN, Muhammad said that more of the product is expected to arrive into the country daily over the coming weeks and months and as such dispelled any fear of scarcity of petrol throughout the...
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Bitcoin surpasses silver in total market value

After spending a few weeks in the sidelines zone, last night bitcoin rose again to $65,000, reaching a new historic weekly close. This Monday (8), bitcoin was traded at 66,400 dollars, a week that promises for the asset that has signs of reaching new highs, always taking into account that bitcoin continues in the high cycle and tends to be more and more more volatile. With this move, bitcoin came to match in market capitalization with the famous commodity, the precious metal silver, reaching the value of US$ 1.37 trillion dollars, according to the website pricedinbitcoin21. It should be noted that the calculation of this market capitalization is based on the total supply of bitcoin, that is, 21 million coins, with the market capitalization on the bitcoins in circulation, which is appro...
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Hubble has taken a photograph of the “corpse” of a star: this is the fate that awaits our Sun

The universe that unfolds around us continues to give us signals about the future of our solar system once the sun reaches the end of its adult life as a medium star. The Hubble Space Telescope has been able to take a new photograph of NGC 2438, showing the remains of a star like the Sun in the form of a nebula. From red giant to white dwarf expelling all accumulated gases Stars the size and mass of the Sun don't die in the form of Supernova: swell and they become the so-called red giants engulfing the closest planets that revolve around it. This happens when the star depletes its hydrogen reserves and consequently its core begins to contract, the balance between the star's own gravity and the pressure of the nuclear mergers within it is lost. The effect is an increase in size...
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Ethereum, nearing $ 5,000, hits new all-time high

Ethereum today reached a new all-time high of $4.794, staying one step away from $ 5000. In this way it exceeds the maximum of $ 4,664 of last week. The price of the second most valuable cryptocurrency increased 12% in the last week and 33% in the last 30 days. Ethereum hitting all-time high of $ 5,000 Last Wednesday, October 27, the Ethereum 2.0 developers carried out the first upgrade of the Beacon Chain, Altair. An event that had a positive impact on the price of the cryptocurrency, since it brings the goal of Ethereum 2.0 closer. Ethereum's business volume has increased 30% in the last 24 hours and its market capitalization remains close to $ 567 billion. Now he only has to break the five thousand dollar barrier. Why is Solana going up 30% this week and becoming the 4th cry...
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FG says 6,054 have so far benefitted from N75 billion Youth Investment Fund

The Federal Government has revealed that 6,054 youths have so far benefited from the Nigerian Youths Investment Fund, with the receipt of between N300,000 to N3 million. The fund, which is an initiative of the Federal Ministry of Youth and Sports Development and funded by the Central Bank of Nigeria (CBN), was flagged off in October 2020 and is expected to cater to youth-owned businesses and investment needs in the face of the Covid-19 pandemic outbreak. According to NAN, this disclosure was made by the Minister of Youth and Sport Development, Mr Sunday Dare, while appearing before the House of Representatives’ Committee on Youth Development on Monday, in Abuja, to defend his ministry’s 2022 budget proposal. What the Minister of Youth and Sports Development is saying Dare stat...
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Rally in telcos, bank shares drive NGX market cap up by N643 billion

The Nigerian Exchange market today reached a new 52 week high of 43,246.87 points exceeding the previous 52 week high of 42,412.66 points, on January 29, 2021 by 1.97% after immense buy interests mainly in shares of MTN Nig, FBNH, Stanbic, AIRTEL and co. NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 293 basis points. The NGX ASI closed at 43,246.87 points, to reflect a growth of 2.93% from the previous trading day and a Year-to-Date (YTD) return of 7.39%. Meanwhile, the market capitalization increased by N643 billion. At the close of market today, Monday 8th November 2021, the stock exchange market value currently stands at N22.57 trillion from N21.93 trillion in the previous trading day. The market br...
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Bitcoin Price Analysis: This is The Next Target if BTC Breaks $67K ATH

Bitcoin is up 7.6% in the past seven days, but it charted 6% gains in the past 24 hours alone in a very formidable push. However, it’s worth noting that we need to see a daily close above $64.8K, as well as a potential confirmation on the weekly chart to have more confidence in the current rally. Chart by TradingViewThe Technicals Bitcoin is currently pushing above the important resistance level at $64.8K on the intraday, and it’s looking to complete the cup and handle pattern that we have been tracking for the past couple of weeks. The BTC price managed to set a few 4-hour closes above $64.8K, which is definitely a positive signal, but we do need to see the daily close above it so that the level can be turned into support. An even stronger buy signal would flash if the...