Weekly Newsletter of November 6, 2022

Here is the main news of the last 7 days!

The Top 5 Cryptos Today:

๐Ÿ“ŒBitcoin (BTC) | $20,507 ๐Ÿ”ฝ

๐Ÿ“ŒEthereum (ETH) | $1,557 ๐Ÿ”ฝ

๐Ÿ“ŒBinance Coin (BNB) | $332 ๐Ÿ”ฝ

๐Ÿ“ŒXRP (XRP) | $0.46 ๐Ÿ”ฝ

๐Ÿ“ŒDogecoin (DOGE) | $0.10 ๐Ÿ”ฝ

๐Ÿ“‰ A correction and it starts again? Over the past 7 days, buyers have finally regained control by allowing BTC price to conquer the resistance of the 100-day moving average. Over the past 24 hours, the price of the cryptocurrency has however corrected to fall to 20,500 dollars at the lowest of the day. A bounce off the 100-day moving average that would now act as support would send a strong positive signal for the bulls, which could provide enough momentum to reach the resistance at $24,000. If the test of this floor fails, we can expect a return to $20,000 initially, or even lower with a return to the 50-day moving average as support.

๐ŸคBinance joins forces with Ledger! The exchange has announced a summit partnership with the company Ledger, with the aim of making it more accessible to buy cryptocurrencies.

๐Ÿ‘พSquare Enix launches its first NFT game. Symbiogenesis is described as a digital art collecting experience. The game is slated for release in 2023.

๐Ÿ—“ 3 month postponement for the MiCA vote. The final vote, before the application of the MiCA regulations, has been postponed. Initially scheduled for this month, it will finally take place in February 2023.

๐Ÿ’ฃBinance puts itself at the service of Twitter. The exchange has set up an internal team with the aim of finding solutions to overcome bots and improve the social network using crypto and blockchain. Binance has every intention of making a profit from its investment of 500 million!

๐Ÿ’ฌInflation came out of nowhere. Christine Lagarde does not seem to understand the mechanisms causing inflation. We’re giving him a little remedial lesson!

โš–๏ธThe SEC in very bad shape against Ripple. It is now Coinbase which has added its grain of salt to the case by defending Ripple. The lawsuit takes a catastrophic turn for the SEC, which could lose a little more of its credibility on the crypto markets after the judgment.

๐Ÿ›’A large supermarket chain is getting into bitcoin. Pick n Pay, the largest supermarket chain in South Africa now accepts Bitcoin.

๐ŸฆVerification of a Twitter account will now have a cost! Elon Musk, the new CEO of Twitter has announced a new $8 per month subscription to keep his Twitter account verified.

๐ŸŽฎThe Xbox branch manager destroys the metaverse. Phil Spencer was very brittle towards this innovation, calling it a poorly constructed video game on which he would not want to waste his time. We are not ready to see games in the metaverse on Xbox!

See you soon for more crypto news!

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