Stock Market Rally Attempt Begins; Tesla Jumps Amid EV Credit Guidelines

Dow Jones futures tilted lower after hours, along with S&P 500 futures and Nasdaq futures, heading into the final trading day of 2022. The major indexes rose strongly Thursday on jobs data, mansanas (AAPL) iPhone news and Tesla (TSLA) continuing to bounce.  But the market is in a correction after breaking key levels Wednesday. Thursday marked just day one of a new stock market rally attempt. Investors should be very cautious about taking new positions.  Medpace (MEDP) flashed a buy signal Thursday, while Ang KLA Corp. (KLAC), Starbucks (SBUX), United Rentals (URI), Mobileye (MBLY), Super Micro Computer (SMCI) at fluorine (FLR) are setting up. But these stocks will likely rise or fall with the market.  MEDP stock, Fluor and United Rentals are on IBD Leaderboard. KLAC stock is on Mga Pangmatagalang Pinuno ng IBD. MBLY stock is on the IBD 50. KLA Corp. and URI stock are on the IBD Big Cap 20.  Meanwhile, new Treasury Department guidelines stated that many Model Y vehicles will not qualify for U.S. tax credits starting Jan. 1 without sharp price cuts. But theres a loophole that may allow all Tesla vehicles — and any EVs — to qualify for hefty tax credits at any price.  Dow Jones Futures

2022-12-30Industriya

DOJ did not classify MNGO as a commodity

Avraham Eisenberg was arrested in Puerto Rico on Dec. 26 on commodities fraud and manipulation charges relating to the $110 million exploit of the decentralized Mango Markets exchange. Eisenberg had self-identified as the actor behind what he called a “highly profitable trading strategy” and insisted that he had taken “legal open market actions, using the protocol as designed.”  Eisenbergs arrest predictably lit up crypto Twitter, with some observers paying particular attention to the fact that commodities fraud charges were being pressed in a case involving a crypto coin:  “AVRAHAM EISENBERG, the defendant, willfully and knowingly, directly and indirectly, used and employed, and attempted to use and employ, in connection with a swap, a contract of sale of a commodity in interstate and foreign commerce.”  mukhang MNGO at/o CRV commodities (at hindi securities) ang tinatawag ng Department of Justice!!!! pic.twitter.com/ZklOlubR8u  — scott (@scott_lew_is) Disyembre 27, 2022  Eisenberg had manipulated the price of the exchanges MNGO coin relative to the USDC (USDC) stablecoin and then took out loans against his collateral. For this, Eisenberg was charged with commodities fraud. In the charges against Eisenberg, U.S. Federal Bureau of Investigation special agency Brandon Racz sinulat ni:  “I understand that virtual currencies, such as USDC, are ‘commodities’ under the Commodity

2022-12-30Industriya

Will We See More Book Banning Challenges In 2023?

PEN America says 5,049 schools enacted book bans in 2022.  Getty Images  Aktor Maulik Pancholy was touring to promote his debut novel, a charming middle grade book called about a boy searching for his place at his Midwest middle school, when he got thrown headfirst into the book ban debate.  He was presenting to a middle school group. “Not only were the kids that I met fans of my voice acting work, but they also really glommed on to the idea of my first book, which is about a gay Indian American kid,” Pancholy remembers. “I showed a picture to them of me and my husband, and 700 kids started clapping in the audience. They just met me with so much love, and so many of those kids opened up about their own experiences with feeling different.”  So Pancholy, best known for his voiceover work on and role as Jonathan on , felt shocked a few days later when he learned that a group of parents were angry the school had allowed an openly gay actor to address their children. “There were a lot of lies posted online, you know, about how I tried to sexualize their kids and told them that all the

2022-12-30Industriya

SOL price recovers as Vitalik tweets support for Solana community

Ethereum creator Vitalik Buterin seemingly helped Solana recover single-handedly today, Dec. 29, as he praised the project sa Twitter.  Buterin wrote in a tweet:  Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future.  Hard for me to tell from outside, but I hope the community gets its fair chance to thrive????????  The price of Solana (SOL) sat close to $9.44 for much of today. It then fell 13.2% to $8.19 in a matter of hours. Following Buterins tweet, the price rose 24.8% to $10.22.  Presyo ng Solana  Mike Dudas, co-founder and former CEO of The Block and founder of 6th Man Ventures, observed that the asset‘s price chart resembled the “V” in Buterin’s first name. “This formation is generally referred to as The Vitalik,” he quipped.  The value of Solana‘s SOL token has fallen dramatically over the past several weeks, likely due to Solana’s relationship with the failed exchange FTX. In November, the asset crashed 55% and was one of the months worst-performing tokens.  The lead-up to SOLs latest crash appears to have begun around Dec. 28. That day, rumors emerged that former FTX CEO

2022-12-30Industriya

Dogecoin Beats Bitcoin, Ethereum For Best Performance In Crypto Top 10

Dogecoin has once again emerged as one of the best performers for the year when it comes to the top 10 cryptocurrencies. The meme coin which enjoyed massive popularity in 2021 continues to hold on to gains even better than larger counterparts such as Bitcoin and Ethereum.  Dogecoin Performs Exceptionally Well  In a year where there were numerous implosions that tanked the crypto market further, dogecoin has come forward as a force to be reckoned with. It has held on to its value ahead of some of the largest cryptocurrencies in the space.  Naturally, most cryptocurrencies have lost a significant chunk of their value but where dogecoin has lost only about 58% of its value in 2022, others such as bitcoin and ethereum have recorded yearly losses of 65% and 67%, respectively. This already puts the meme coin ahead of the two largest cryptocurrencies in the market.  It also outperformed the likes of Cardano and Polygon, both of which are the ninth and tenth largest cryptocurrencies in the market. Cardanos value is down more than 80% while Polygon has recorded declines of approximately 69% this year.  DOGE holding above $0.07 | Source: DOGEUSD sa TradingView.com  The meme coin was only surpassed by Binance Coin (BNB) and

2022-12-30Ethereum

SafeMoon Introduces Token Monetization Innovation (TMI)

Teknolohiya  SafeMoon Introduces Token Monetization Innovation (TMI)  12 29 2022  Balita ng Ethereum ng Bitcoin  – As decentralized exchanges grow more prevalent, SafeMoon is leading a superior user experience powered by innovative token economics –  SALT LAKE CITY– (BUSINESS WIRE) -#DeFi-safemoon has taken another step in the development of a more meaningful ecosystem for cryptocurrency and distributed financial (DeFi) technology. Today, SafeMoon releases the SafeMoon Token Monetization Innovation (TMI), a superior user experience powered by innovative token economics.  Ang Hamon  Generally speaking, performing a transaction on a decentralized exchange requires the user to figure out the fees and then evaluate the amount they expect to receive. For planning and transaction predictability, executing trades across decentralized exchanges requires several non-aggregated variables (lots of figuring out) to estimate the fees. Simultaneously, for token suppliers, tokens are impacted by the extraction of liquidity pool fees, which also generates a downward sell pressure.  The SafeMoon Resolution  To resolve this challenge on SafeMoons own decentralized exchange (known as the SafeMoon SWaP), SafeMoon has partnered with AI and Blockchain expert Dr. Adel ElMessiry, a prolific author of academic publications including the new ICBC Blockchain ebook available dito. ElMessiry collaborated with SafeMoon on creation of the SafeMoon TMI, a patent-pending invention that operates as follows:  The exchange

2022-12-30Industriya

Chinese Communist Party official pleads guilty to helping Bitcoin miners

Bitcoin  Ang opisyal ng Chinese Communist Party ay umamin na nagkasala sa pagtulong sa mga minero ng Bitcoin  12 / 29 / 2022  Balita ng Ethereum ng Bitcoin  Ayon sa isang ulat nai-publish by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, the former Communist Party secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate Peoples Court. During his tenure as director from 2008 to 2021, Yi was accused of accepting over 125 million Chinese yuan ($18 million) in bribes related to construction programs and illicit promotions.  In addition to the aforementioned counts, Yi also pleaded guilty to charges related to business transactions between himself and Bitcoin (BTC) miners from 2017 to 2021. It is unclear if the series of charges were related. As reported by Xinwen Lianbo:  “During his 2017 to 2021 tenure as the Communist Party Secretary of the City of Fuzhou, Xiao Yi provided support to cryptocurrency mining companies in the form of subsidies, capital aid, and electricity assurance. These acts were contrary to national regulations, the theory of New Development, and led to massive losses in public property, leading to adverse consequences.”  The court has been adjourned and will sentence Yi in the

2022-12-30Bitcoin

Can Ethereum Price (ETH) Rid Itself of Seller Dominance?

Ethereum  Maaalis ba ng Ethereum Price (ETH) ang Dominasyon ng Nagbebenta?  12 / 29 / 2022  Balita ng Ethereum ng Bitcoin  Ethereum price (ETH) is consolidating above the $1185 support level.  The market capitalization appears neutral at $146.21 billion.  Buyers look active in todays trading session after two bearish daily candles.  Ethereum, the worlds second-largest cryptocurrency, is stuck in a narrow horizontal range as bulls retreat from the asset. The mild price drop kept Ethereum (ETH) price below the $1.2K level. After two days of losses, the sellers now seem tired, and buyers have an opportunity to move past the bullish barrier.  Ethereum on Hourly Chart  On the hourly price chart, ETH price is consolidating just above the $1180 support level. Buyers often reversed the second largest cryptocurrency higher than this level. For a short-term outlook, bulls must maintain this crucial zone.  Amid little positive scenario, ETH price against the USDT is trading at $1197 mark at press time. Crypto seems positive today by 0.63% so far. Meanwhile, Ethereum price concerning the Bitcoin pair stays up 0.50% at 0.0722 satoshis.  Ethereum price (ETH) stays away from the previous swing low of $1150. Meanwhile, the cryptos price action forms higher-lows formation in higher time frames like daily and above. Nevertheless, Market capitalization

2022-12-29Ethereum

Bitcoin Bottom Signals Start Flashing But is Another Leg Down Coming Before That? (BTC Price Analysis)

Bitcoin  Bitcoin Bottom Signals Start Flashing But is Another Leg Down Coming Before That? (BTC Price Analysis)  12 / 28 / 2022  Balita ng Ethereum ng Bitcoin  Bitcoin‘s price has been oscillating in a very tight range heading into the new year’s holidays, offering little clue on the direction of the next significant move. Nevertheless, the market remains in a very decisive area, and its fate could be revealed in the next few days.  Teknikal na Pagsusuri ng  Ni: Edris  Ang Pang-araw-araw na Tsart  On the daily chart, the price has been grappling with the 50-day moving average around the $16,700 mark for a while now but is yet to break it in any direction. In case of a bullish breakout, a rally towards the $18K level and even the higher boundary of the large falling wedge pattern could be expected.  The mentioned wedge is considered a bullish reversal pattern in the current market condition and could initiate a mid-term bullish phase if broken to the upside. On the other hand, if the 50-day moving average holds and rejects the price lower, a drop toward the $15K area and the lower trendline of the falling wedge would be imminent.  Pinagmulan: TradingViewAng 4-Oras na Tsart  Looking at the 4-hour timeframe, it is

2022-12-29Bitcoin

Analysis of the value of Bitcoin, Ethereum and XRP

Bitcoin Ethereum  Analysis of the value of Bitcoin, Ethereum and XRP  12 / 28 / 2022  Balita ng Ethereum ng Bitcoin  Pagsusuri ng Bitcoin   BTC/USD 6M chart entertheroachAng presyo ng BTC ay nakikipagkalakalan sa pagitan ng 0.236 fibonacci level [$16,256.63] at ng 0 fib level [$68,788.88]  BTC/USD 6M chart: BTCs price is trading between the 0.236 fibonacci level [$16,256.63] and the 0 fib level [$68,788.88]  BTC/USD 1W na tsart@TATrader_Alan  The BTC/USD 1W chart outlines the parallel channels  Mga Moving Average ng Bitcoin:  Ang 52 linggong hanay ng presyo ng Bitcoin ay $15,501-$50,710.   Bitcoins price [-1.34%%]   ETH/USD 4HR chart HeadquarterOfTradeAng presyo ng ETH ay kalakalan sa pagitan ng 0.236 fibonacci retracement [$1,199.08] at 0.382 [$1,228.69]  mga bullish na mangangalakal   bearish mga kalahok sa merkado   ETH/USD 4HR chart: ang presyo ay kinakalakal sa pagitan ng 0.236 fibonacci retracement [$1,199.08] at 0.382 [$1,228.69]  Mga Moving Average ni Ether:  Ang 52 linggong hanay ng presyo ng Ether ay $883.62-$4,037.04.   Presyo ng Ether [-1.31%]    XRP/USD 2W na tsart krjcryptoXRPs price is trading between the 0.382 fibonacci level [$0.315] and the 0.5 fib level [$0.438]  bullish XRP market kalahok  mababait na mangangalakal  XRP/USD 2W chart: XRPs price is trading between the 0.382 fibonacci level [$0.315] and the 0.5 fib level [$0.438]  Ang 52 linggong hanay ng presyo ng XRP ay $0.287-$0.926.

2022-12-28Ethereum
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