Day: November 30, 2022

Bulls Aim Fresh Rally To $1.12

Aayush Jindal

MATIC price started a fresh increase from the $0.765 support zone. Polygon bulls are now aiming a fresh increase above the $1.00 resistance zone. MATIC price started a decent increase above the $0.90 resistance against the US dollar. The price is trading above $0.90 and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise towards the $1.00 and $1.12 resistance levels. Polygon’s…

LBRY says it ‘will likely be dead’ following SEC loss

Brian Quarmby

The firm behind the decentralized content platform LBRY said its days are likely numbered following its recent loss against the United States Securities and Exchange Commission (SEC) in court. It is specifically LBRY Inc that must die, the LBRY protocol and blockchain will continue. pic.twitter.com/SWwbqTq9In — LBRY (@LBRYcom) November 29, 2022 The SEC initially took LBRY Inc to court in Mar. 2021 over its LBRY Credit (LBC) tokens, alleging that the firm had been conducting unregistered securities offerings since 2016. The SEC ultimately won that battle last month on Nov.…

DWF Labs allocates $15 million to help troubled protocols via Binance’s Web3 recovery initiative

Anthony B

As a result of the recent turmoil in the cryptocurrency market caused by the failure of the FTX crypto exchange, several projects have taken a significant blow. In response, DWF Labs, a market maker that offers liquidity to cryptocurrency projects, along with Binance Labs funds, are assisting those initiatives that are struggling.  Notably, DWF Labs has provided an initial sum of $15 million to assist troubled protocols as part of the Web3 Industry Recovery Initiative (IRI) being led by Binance Labs, according to information obtained by Finbold through Etherscan data.…