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SBF lawyers want bail in the Bahamas

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Sam Bankman-Fried was denied bail in the Bahamas and will remain in custody until February 8, 2021. Bankman-Fried’s attorneys filed for bail on December 13, but Judge JoyAnn Ferguson-Pratt said the FTX founder needs to remain in custody because ” danger of fleeing.

Sam Bankman Fried denied bail

The attorney representing Bankman-Fried asked for $250,000 bail on December 13. The lawyer argued that the former FTX CEO suffers from insomnia and depression and has not taken his medication, including antidepressants and Adderall, since his arrest.

The lawyers also said Bankman-Fred had no criminal record and had not fled the Bahamas despite having the opportunity to do so. They also said that Bankman-Fried was willing to conduct electronic monitoring or report to the police station regularly if his application for bail was granted.

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Judge Ferguson Pratt had previously said Bankman-Fried was entitled to a bail hearing. However, it denied the request and ordered that the FTX founder remain in custody of the Bahamas Department of Corrections until February 8, 2023. The case facing the cryptocurrency executive will be heard on this date.

Bankman Fried was arrested by the Bahamas Police Force on December 12. His arrest came after the US government said it had brought criminal charges against him. The cryptocurrency executive is currently facing eight counts of financial and securities fraud.

Since his arrest, US regulators have opened several charges against Bankman-Fried. Both the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have filed charges against Bankman-Fried.

FTX CEO testifying before the US Congress

Prior to his arrest, Bankman-Fried was scheduled to testify before the US Congress regarding the events leading up to the collapse of FTX, but this never happened. However, the current CEO of FTX overseeing the exchange’s bankruptcy, John J. Ray III, Back Before Congress to shed light on the situation.

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In his testimony, Ray said that the collapse of FTX was caused by a small group of inexperienced people who did not implement the necessary controls for a company that handles client funds and assets.

He noted that after assessing the situation, he made an explicit decision to file for Chapter 11 bankruptcy, and was taking steps to regain control of the situation. Ray was also questioned about why he said FTX was worse than Enron, as he said the exchange had no record keeping.

“Nothing against Quickbooks, a very good tool, just not for a multi-billion dollar company. There is no independent board of directors. We had one person really in control of this,” Ray added.

Ray also said that there is no doubt that customer funds on FTX have been transferred to Alameda, a cryptocurrency hedge fund co-founded by Bankman-Fried. He also admitted that the Bankman-Fried family also received payments from FTX. Previous reports claimed that the Bankman-Fried family had invested in several properties in the Bahamas.

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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