The digital asset space had an absolutely terrible year in 2022, fraught with crypto prices crashing and exchanges collapsing. And when it seemed like the year would end without any other mishaps, the world could only watch in shock as the FTX crypto empire crumbled right before their eyes.

Capping off the year with such a dreadful event understandably made most crypto forecasts for 2023 grim. Regulators and law enforcement officials were not able to prevent these fraudulent crypto incidents that grossed over $2 trillion in losses in 2022. And as expected, the crackdown on crypto fraud tops the list of many 2023 blockchain predictions.

Regulators and law enforcement agents are gearing up to salvage whatever reputation and influence they have within the crypto space, and numerous predictions mention that they will most likely make an example of digital asset exchange Binance, one of the top crypto firms in the world.

Binance is the subject of an ongoing United States Department of Justice (DOJ) investigation for charges of unlicensed money transmission, money laundering and violating criminal sanctions. Although Binance managed–so far– to keep having the DOJ from formally charging it and its executives, many are speculating that 2023 is the year that they will finally be charged.

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Philanthropist billionaire and gambling industry pioneer Calvin Ayre, who is also the founder of crypto media outlet CoinGeek, and former Chief of Securities and Exchange Commission (SEC) Office of Internet Enforcement John Reed Stark agree that Binance will collapse this year if they do not overcome this DOJ investigation, among other things.

“For 2023, there are just simply too many red flags surrounding Binance and Binance is too much of a black box to believe that a collapse will not occur at some point, mirroring the same fate as Terra, FTX, BlockFi, Celsius and so many others,” Stark wrote in his crypto predictions.

Stark also believes 2023 will be the end of his participation within the crypto space given his uber pessimistic predictions, which includes Tether imploding and “blockchain [remaining] a glorified append-only, limited-writer spreadsheet with no useful, real world applications.” But Ayre disagrees, especially when it comes to blockchain’s future.

“Stark is right in his belief that a regulatory tsunami is about to crash over crypto, but he’s so focused on the ‘layer 1’ fraud that he misses the far more damaging ‘layer 2’ fraud perpetrated by the mainstream payment companies and the Silicon Valley tech-bros who support them. Only when this fraud is exposed and mitigated will the true promise of the Bitcoin white paper be realized,” Ayre countered in his article on 2023 blockchain predictions.

Layer 1 fraud is the one that is costing users and investors trillions of dollars, while layer 2 fraud hampers the technological foundation of all crypto, which is blockchain. According to Ayre, Web2 giants, which includes the credit card duopoly, have been standing in the way of scaling blockchain to protect their way of making money. This is because blockchain scalability provides utility to both small and big businesses across different industries.

With data block sizes and transaction throughput that can be increased to meet market demands, high network efficiency that eliminates latency and crashes, and fees that can hardly be felt—as opposed to the expensive and volatile transaction fees of popular blockchains like Ethereum—a scalable blockchain is something that Web2 giants may not be able to compete with.

Ayre is optimistic that once regulators and law enforcement agencies start to delve into layer 2 fraud, they will discover the long con these global firms have been perpetrating. And once they have been dealt with, people will be able to fully appreciate the real utility and value of a scalable blockchain.

Like Ayre, Forbes also ended its predictions in an optimistic tone. “Out of every market collapse, however, there are opportunities to build a better, more sustainable, and more transparent market.” And while 2022 has been anything but good for the crypto and blockchain spaces, there is a huge opportunity to reconstruct the deficient crypto system this year.

Cryptocurrency trading has been in high demand in recent years, as digital currency is considered the most trusted and proven option compared to other options. When trading cryptocurrencies, there are many different factors to consider. You should read more information if you don’t know how to choose a top crypto exchange for trading. You must evaluate several tools that help make the trading process more understandable.

Indicators are critical when trading on the cryptocurrency exchange. These are such indicators that allow for assessing the progress of a project. Indicators are a tool that will enable you to choose a cryptocurrency for buying and selling. Evaluating these indicators, one can understand the advantages and disadvantages of certain types of cryptocurrencies over a certain period. Also, using indicators, you can determine profitability and other benefits.

For technical analysis of cryptocurrencies, traders use different indicators in their characteristics and features. It is not necessary to be a professional to understand the qualitative attributes of investment assets. It is required to carefully read the indicators described below, which allows you to select the best investment decision for investments.

MACD

MACD is one of the critical parameters used by trading platforms to estimate the difference between two moving values. The corresponding columns show this value. When evaluating, the exponential parameter defines the input and the difference between the average and the indicator line.

This indicator is helpful for the technical analysis of digital currencies. Most analysts in trading are actively involved in the study of this parameter. This characteristic describes the ability to maintain the current trend and the power and flexibility for possible changes. Among the fundamental rules for changing this indicator are the following:

• When the line is above the zero value, the general direction of the trend is down;
• If this figure rises, then the uptrend has more potential;
• When new values ​​form during a price change, the line simultaneously falls, leading to a fall in the total price. This effect is called the divergence of the current trend, which warns of a possible decline in value.

MACD is the most beneficial financial instrument with a large amplitude. It is suitable for forecasting at all time intervals. With too much buying and selling, changes and intersections of the lines are possible. This scoring parameter is also often used in combination with other values ​​to improve the efficiency of the scoring.

RSI

RSI is one of the critical trading volumes often used in the market. With it, you can assess the current situation in trading a particular currency. This parameter calculates using a unique formula that considers the average cost value for a certain period.

This value is usually on a separate graph. Most of the possible programs make it possible to evaluate the development of the RSI depending on the exchange rate. When calculating the index values, the corresponding points are displayed, which may be in the related positions.

Bollinger Bands

This indicator is the most popular when buying or selling a specific trading pair. This auxiliary parameter can be used as the main one to evaluate all the main features of trading in a particular cryptocurrency. Bollinger Bands indicator includes several leading indicators — the middle, upper and lower bands, which determine possible deviations from the base value.

This key figure helps to calculate specific periods. Suppose the curves are located close enough to each other on the chart. It means that the market is accumulating the necessary strength for a profitable purchase or sale of a currency. A break at the top of the line symbolizes a bargaining opportunity, and the market is increasing.

If the trade reaches a low value, it must be closed to reduce the possible risks of losses. The regulation of the procedure of this indicator resembles gambling, namely the placement of bets with minimum and maximum values.

OBV

One of the crucial parameters for performing technical analysis on a coin is its volume. It includes several methods that allow you to predict the future rate of a cryptocurrency asset on favorable terms. Technical analysis can predict the optimal combination to buy and sell cryptocurrencies.

The price of help, in this case, is determined by repeating patterns. OBV indicator allows you to assess the popularity of a particular cryptocurrency in the market. Each cryptocurrency has its trading volume, which reduces the risk of fraud.

MYC

MYC trading indicator includes characteristics for several parameters at once. The trend line lets you track the leading trading indicators when working with various cryptocurrencies. It is essential to determine the exact input value when planning contributions.

Before trading cryptocurrencies on WhiteBIT, you should familiarize yourself with the key trading indicators. For successful trading, it is essential to consider all technical indicators to avoid risks and maximize your profits.

Choise.com, a cryptocurrency firm and earn marketplace, is happy to announce the completion of the first stage of its NFT Token Offering (NTO). The company is now moving into Stage Two, which is intended to run until January 18.

On January 3rd, Choise.com successfully concluded the first “Green” stage of its NTO, selling out 100% of Choby NFTs reserved for this stage and raising $750,000 in the process. This success demonstrates that the new type of NFT offering introduced by Choise.com has the interest of the crypto community and the potential to be successful in this market.

In addition to being a new type of token distribution, NTO introduces a new asset class concept – overcollateralized NFTs. All NFTs offered via the Choise.com NTO are backed by the company’s native CHO tokens which are traded on exchanges. Hence, each NFT carries actual market value, which is a major step-up compared to the previously vague and, therefore, risky NFT investment models.

There are six stages planned in the NTO launch, with the number of NFTs offered increasing with each stage. Choise.com has now moved to conducting the second, “Yellow” stage of the offering. With the price now standing at $200, Choby tokens represent a very attractive opportunity for those who want to purchase CHO tokens at a price below the market one, which currently stands at $900 per 1,000 CHO tokens.

Each Choby NFT contains a 1,000 CHO tokens and every 5th Choby gives way for various perks and bonuses, such as cashback of up to 99%. In addition, if the second stage is successful, concluding with a 100% sellout, holders of at least 5 Chobies with one minted during the current stage stand a chance at winning the grand prize – a Tesla electric car.

The long-term goal of Choise.com is to introduce new standards of NFT and token distribution. The Chobies NTO collection marks the company’s first step in this direction. NFTs represent a great tool for tokenizing various financial and creative assets, and they are in great focus in the current crypto market. 

Choise.com’s newest NFT offering model represents a new way for companies to raise necessary funds for the development of their products while catering to the market’s needs. That will allow everyone to benefit and revolutionise the NFT market in the long-term.

If you have a desire to participate in the next big trend, visit the Choise.com website to learn more about NTO.

About Choise.com 

Choise.com is a crypto firm and leading earn marketplace that has been around since 2017. It offers a unified ecosystem where people can easily find and make use of various financial solutions to earn on their digital assets. This allows Choise.com clients the chance to select the most promising products and enjoy high returns from their investments without having to delve too deep into technical details.

While most people are busy betting on NFL picks, the world economy’s lights are flashing red. When Jean-Claude Juncker was serving as head of the European Commission in 2016, he referred to the confluence of problems that the European Union (EU) was experiencing as a “polycrisis.” The International Monetary Fund (IMF) highlighted how various clouds have been collecting over the global economy in a statement that was released the previous week. 

These clouds include the European energy crisis, quick interest rate hikes, and China’s slowdown. What had previously seemed to be distinct crises originating from a wide variety of areas and markets are now converging, and it’s possible that we’re confronting a polycrisis on a global scale. 

According to the International Monetary Fund (IMF), nations that contribute one-third of the global economy are likely to decline either this year or next, which is an unusually high number of engines of the global economy to be slowing all at once. In point of fact, it forecasts a dismal future for the world’s three major economies: the United States (also the hub of betting on NFL predictions in the world), the eurozone, and China. 

At the same time that global inflation rates have reached their highest level in the past four decades, central banks around the world have been steadily increasing interest rates this year with a degree of synchronicity that has not been seen in the preceding five decades and the value of the US dollar has reached its highest point since the beginning of the 2000s. The projections of doom are being driven by these factors, which are also causing severe stress. 

Emerging countries have been forced to deal with increased debt loads denominated in dollars as well as disruptive outflows of capital. During this time, interest rates on mortgages and the expenses of business borrowing have skyrocketed all around the globe. As a result of the sharp increase in rates from the historically low levels reached during Covid, several indicators of the state of the financial market are now displaying a red warning. The recent experience of UK pension funds demonstrates that fire-sale dynamics remain a persistent problem. 

Two historic shocks that occurred in rapid succession are the immediate causes of the current global maelstrom. These two events are Covid-19 and Russia’s invasion of Ukraine. In an effort to combat inflation that was fueled in part by government funding for pandemic relief and supply bottlenecks, the Federal Reserve had increased interest rates at a pace not seen since the early 1980s, when Paul Volcker was serving as chairman of the central bank. 

In the meanwhile, Putin’s weaponization of natural gas flows is causing Europe to experience a massive shock to its terms of trade, and China’s economy is suffering as a result of its zero-Covid policy, in addition to a meltdown in its housing market. Indeed, new diseases surfaced even before the wounds caused by the Co had a chance to heal. 

The many shocks, each of which reinforces the others, have left policymakers with a tricky balancing act to perform. In order for governments to be successful in boosting growth and providing assistance to households and businesses, they must avoid adding more fuel to the fire of inflation and elevating debt burdens, both of which have already been increased by the pandemic, particularly in light of the fact that interest rates on loans are currently growing. The more significant the increase in interest rates, the greater the likelihood of a meltdown in the property market, as well as increased stresses in the financial markets. 

Even if there are no easy answers, there are still some things to learn. Because of the precarious state of the economy today, public policy has to be carefully calibrated and made sensitive to potential dangers. The United Kingdom serves as a model for how not to proceed. Its attitude in recent weeks, which is more like a bull in a china shop, demonstrates what occurs when reality is neglected. 

The influence that global crises have on one another makes it more important than ever to create resilience. When interest rates were historically low during the previous decade, many people would bemoan the fact that they did not make investments that would have increased productivity and lowered inflation in areas such as education, technology, and alternative fuels for fossil fuels. So, while betting on NFL expert picks is fun, we should also keep an eye out for the condition of our global economy.