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This article provides a technical analysis of HBAR and examines key indicators, such as the 200-day Moving Average, Parabolic SAR, and its current chart structure to provide insights into current market trends and potential future movements of the token.

Hedera Hashgraph is a distributed ledger technology (DLT) that aims to provide a secure and scalable platform for decentralized applications (dApps). The platform is governed by the Hedera Governing Council, which is made up of leading organizations across various industries.

One of the native tokens on the Hedera network is HBAR, which has been gaining popularity among traders and investors.

In this article, we will focus on the technical analysis of HBAR, specifically looking at longer time frames to gain insights into its market trends and potential future movements.

Disclaimer: The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort offered or endorsed by Blockzeit. You should consider seeking a financial advisor to check how the website information relates to your unique circumstances.

The 200-day moving average (MA) is a popular technical indicator used by traders to determine the overall trend of an asset. Currently, HBAR is hovering above the 200-day MA. The cryptocurrency went on an epic run in February of last month, topping at $0.09, and is now retesting the 200-day MA. This level is a critical support zone, and if HBAR breaks below it, it may indicate a bearish trend.

The Parabolic SAR is a trend-following indicator that can help traders identify potential reversals in an assets price movement. On the weekly chart, HBARs Parabolic SAR shows a steady uptrend for consecutive weeks since January of 2023. This is an excellent sign for the token, indicating that it has been attracting buyers.

The Parabolic SAR is one of my favorite indicators I would like to use as it spots trends and reversals. If the trend of HBAR breaks, the SAR indicator must print at least 2-3 consecutive dots above the candle to confirm a downward trend of the token. This can help traders avoid false signals and make informed decisions.

Using a line chart to avoid scam wicks, HBAR on a log chart is exhibiting characteristics of a textbook retest of a falling wedge. This pattern is a bullish sign, indicating that the cryptocurrency may be gearing up for a potential breakout. However, traders must keep an eye on the price action to confirm this trend.

HBARs technical outlook seems positive, with key indicators showing bullish signs. It is important to note that the cryptocurrency market is highly interconnected, and Bitcoins movements can have a significant impact on the entire market. If Bitcoin experiences a significant price movement in the next few weeks, altcoins including HBAR will follow suit. As such, traders must also keep a close eye on Bitcoins price action and market sentiment to make informed decisions regarding HBAR and other cryptocurrencies.

Rickie Sanchez is an article writer specializing in cryptocurrency news. Since late 2017, he has been actively investing in cryptocurrencies. He is enthusiastic about everything that has to do with crypto and he hopes that the readers of his articles in the years to come will gain a massive understanding of blockchain technology.

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HBAR: Understanding The Cryptocurrency's Next Move - Blockzeit

28 March 2023

Rahman Ravelli Solicitors

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The FBI has stated that online scams involving losses totalling$10 billion were reported to it in 2022 - a $3 billion-plus rise onthe previous year.

According to the FBI Internet Crime Report, the maincontributing factor was cryptocurrency investment fraud. Reports of crypto investmentfraud almost tripled.

Such fraud involves individuals being duped into investing moneyinto schemes that are either non-existent or worth very little. Inmany cases, fake cryptocurrency trading platforms are created toentice victims into signing up so that their money and / orpersonal details can then be taken. Those carrying out such fraudmay also pretend to be financial advisers in order to lure peopleinto providing personal information.

The global rise of the cryptocurrency industry in recent years,and the ways it can be used to commit crime, make it unsurprisingthat the US along with other countries, including the UK is seeing a huge increase in crypto-related fraud.

The Internet Crime Report details other complaints aboutfraudulent activity, including marketing scams, business emailcompromise attacks (where a criminal attempts to trick someone intotransferring funds or revealing sensitive information), call centrefraud and ransomware attacks.

Ransomware is becoming a prominent threat to those online,according to the FBI. More than one-third of the 2,385 ransomwareattacks reported to the FBI last year targeted organisations inwhat is classed as the US' critical infrastructure sector. Callcentre fraud, which mainly targeted people over 60, accounted for$724 million in losses.

The FBI Internet Crime Report is used to help policymakers trackand monitor fraudulent schemes with a view to understanding howthey work so that ways can be devised to prevent them and protectthe US economy.

The content of this article is intended to provide a generalguide to the subject matter. Specialist advice should be soughtabout your specific circumstances.

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Editors Note: This article has been updated to include a rebuttal from the CEO of Cryptobuyer denying rumors of the exchange closures (despite Cryptobuyer tweeting earlier about the closures), as well as an update from Asonacrip on the states where mining farms have been closed.

From crypto paradise to crypto chaosthe situation for cryptocurrency enthusiasts in Venezuela has been anything but good in recent days.

Following the arrest of Joselit RamirezVenezuelas Superintendent of Cryptoassetsand President Nicolas Maduro's order to restructure the countrys crypto regulatory agency, every day has brought bad news for the national crypto ecosystem.

Most recently, the new Superintendent of Cryptoassets is apparently unhappy with the way the industry has developed and ordered the closure of all cryptocurrency exchanges registered in Venezuela with Venezuelas National Superintendency of Cryptoassets Sunacripthe countrys crypto regulator.

Although the drastic move has not been officially confirmed, Venezuelas National Association of Cryptocurrencies told to Decrypt that such actions are taking place, as the country advances an anti-corruption investigation that has so far cut off the proverbial heads of Joselit Ramirez and his political protector Tareck el Aissami, the Minister of Energy and Petroleum.

"We believe that private companies should not be blamed for what is happening inside the regulatory body and that we should promote the full activation of all cryptocurrency operations (in the country)," Jose Angel Alvarez, Asonacrip president, told Decrypt.

Alvarez added that "we are preparing a list of propositions to be delivered soon to Sunacrip and Dr. Anabel Pereira." Anabel Pereira is the new head of Sunacrip.

Asonacrip opened a public survey so that cryptocurrency enthusiasts in Venezuela can provide input on the recommendations that will be delivered to the Sunacrip intervention board.

Just before the crackdown, it was also announced that Sunacrip also ordered the closure of large cryptocurrency mining farms operating in several states in Venezuela.

"Indeed, at the beginning of the week in the state of Carabobo, all the farms were ordered to stop, which concerns us as a community since some affiliates are being affected by the measure," Alvarez said.

So far, Asonacrip has confirmed shutdowns of mining farms in the states of Carabobo, Lara and bolvar.

Asonacrip called for a review of these actions, noting that the vast majority of the mining farms were operational and complied with all the necessary permits. "We believe that although there is a situation in the superintendency, it should not affect the operations of all affiliated farms at the regional level," Alvarez told Decrypt.

The recent course of events represents a 180-degree turn from previous years when President Maduro called for the promotion of cryptocurrencies as tools to reactivate Venezuela's economy.

During this period, the government legalized crypto, created its own official cryptocurrency (The Petro), established a regulatory framework for mining, institutionalized the registration of cryptocurrency exchanges, and began efforts to reduce the persecution of traders and miners who were seen as operators in the parallel currency market.

However, the centralization of power in Sunacrip also opened the doors to new forms of corruption. Currently, the participation of Sunacrip as an organizing node in a diversion of funds from undeclared oil sales is being investigated. There are already reports of irregularities circulating on social media, such as high-ranking government executives owning cryptocurrency mining farms, influence peddling, arbitrary detentions, and equipment confiscations.

Whats more, during this period, the Petro was changed from a decentralized, auditable, oil-backed, Ethereum-based token to a centralized, non-auditable token with its own blockchain and no real backing in tangible oil.

Cryptobuyer Venezuela's CEO, Eleazar Colmenares, released a video on the night of March 24th, denying rumors that Sunacrip had ordered the closure of cryptocurrency exchange platforms in the country. Cryptobuyer is a registered platform with Sunacrip.

"We want to clarify that the announcement made yesterday on our social media refers to the temporary non-operation of our crypto-fiat gateway service due to the transition process carried out by the competent authorities," said Colmenares in a statement shared by Globovisin news, "it is important to emphasize that the Sunacrip has not ordered the cessation of any Venezuelan exchange's operations," he added.

The clarification made by Colmenares refers to an announcement in which they emphasized that "complying with orders issued by our regulatory entity on crypto assets Sunacrip... our platforms will not be operational temporarily."

The day after that, and along with Colmenares' statement, Cryptobuyer published a new tweet saying that "at no time has Sunacrip ordered the cease of operations as has been misrepresented in some news media," while also claiming that the entity was providing them with "full support" for their operational continuity.

So far, however, Sunacrip has not made an official statement to clarify the confusion or set a roadmap for the new Directors' plans regarding crypto users, traders, miners, and exchanges.

According to Venezuelan lawyer Ana Ojeda Caracas' statements, the measures are apparently temporary. But the silence of Sunacrip only adds to the uncertainty in the Venezuelan crypto scene.

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Venezuela Regulator Shuts Down Some Cryptocurrency Exchanges and Mining Farms - Decrypt

Updated 24 March 2023

Do Kwon (centre) was taken to court in handcuffs on Friday

South Korea police say that Do Kwon, the fugitive cryptocurrency boss behind the $40bn (32.5bn) collapse of the terraUSD and Luna tokens, has been arrested in Montenegro.

He has since been charged with fraud by prosecutors in the US.

Earlier this year US regulators accused Mr Kwon and his company Terraform Labs of "orchestrating a multi-billion dollar crypto asset securities fraud".

The firm did not immediately respond to a BBC request for comment.

They had thought he was in Serbia, and even sent officials to Belgrade to negotiate, since the two nations do not have an extradition treaty.

Mr Kwon has previously denied he was in hiding but never revealed his location.

News of his arrest was first shared by Montenegro's interior minister Filip Adzic, who said on Twitter that "one of the world's most wanted fugitives" had been detained at Podgorica's airport.

Mr Adzic added that the suspect was allegedly travelling under a false name with fake documents. Authorities were waiting for official confirmation of the man's identity, he said.

On Friday, South Korea police confirmed that the suspect in Montenegro was Mr Kwon, after his fingerprints matched official records.

Mr Kwon has separately been charged with fraud by US prosecutors.

He faces charges of securities fraud, wire fraud, commodities fraud and conspiracy, according to an indictment made public at the US District Court in Manhattan on Thursday. A lawyer for Mr Kwon did not immediately respond to BBC requests for comment.

Montenegro does not have extradition treaties with the US or South Korea.

In February, US financial regulators said Mr Kwon and Singapore-based Terraform Labs "failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities, most notably for Luna and TerraUSD."

They allegedly repeatedly claimed that the tokens would increase in value, and misled investors about the stability of TerraUSD.

However, the value of the token and its linked Luna cryptocurrency plunged to close to zero last May.

It triggered a sell-off in major cryptocurrencies such as Bitcoin, Ethereum and Tether. As a result the term cryptocrash trended online.

Globally, investors in TerraUSD and Luna lost an estimated $42bn, according to blockchain analytics firm Elliptic.

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Do Kwon: Fugitive 'cryptocrash' boss arrested in Montenegro - BBC

A treasure trove of crypto appeared on Thursday in a matter of minutes.

The long-awaited native cryptocurrency for Arbitrum, the leading scaling solution for the Ethereum blockchain, finally became available for more than 600,000 recipients, according to Dune Analytics.

With over 1 billion ARB tokens airdroppeddistributed to select individualsso far, the total market capitalization for the token has stabilized near $1.8 billion, per data from CoinMarketCap. Developers have planned to create an initial supply of 10 billion tokensputting the current fully diluted market cap above $14 billion.

Among the total number of eligible recipientsARB was made available only to members of the Arbitrum communitymore than half have claimed theirs.

The token's release, one of the most valuable in recent memory, follows last week's announcement that Offchain Labs, the developer that created Arbitrum, was establishing the Arbitrum Foundation and an associated DAO, or decentralized autonomous organization.

The two entities will govern the management and development of the Arbitrum ecosystem, which is composed of two layer-2 blockchains built on top of Ethereum: Arbitrum One, the larger of the two blockchains, and Arbitrum Nova, designed for Web3 games and social media applications. Both blockchains are designed to make transactions on Ethereum faster and less expensive.

The ARB token will not be used for transaction fees on the blockchains but will allow owners to vote on proposals submitted to Arbitrum's DAO.

Fervor for the token was so high that Arbitrum's website and blockchain scanner were down ahead of the token's release, as crypto enthusiasts stampeded to the sites in anticipation.

As of late Thursday afternoon, ARB's price was hovering near $1.45. Its current market capitalization puts it ahead of the token for Arbitrum's closest competitor, Optimism, another layer-2 blockchain that aims to expedite transactions on Ethereum. On Thursday, the market capitalization for OP was around $774 million, after briefly shooting up above $800 million soon after ARB dropped, with a token price of $2.46.

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Release of long-awaited Arbitrum cryptocurrency generates $1.8 billion in just 2 hours - Yahoo Finance