Analysis of Blockchain National Security Risks
- Transparency vs. National Security: The open ledger of blockchain allows every transaction to be tracked, exposing the financial flows of defense contractors and humanitarian agencies to hostile surveillance, thereby increasing national security risks.
- Illicit Financing Concerns: The US Treasury reported that countries like North Korea, Russia, and Iran are using cryptocurrencies for covert fund transfers and money laundering, with North Korea stealing approximately $660 million in 2023 through hacking, further threatening global financial security.
- Terrorism Financing Trends: Terrorist organizations such as ISIS and Hamas have begun accepting cryptocurrency donations, particularly stablecoins, with analysts noting that this makes their funding flows more opaque, posing significant challenges to national security.
- Infrastructure Vulnerabilities: The Bitcoin mining industry heavily relies on equipment manufactured in China, and experts warn that this dependency could expose the US to cybersecurity threats, prompting policymakers to consider supporting domestic production to enhance security.
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Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BASED is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.035 | 0.0479 | 0.0589 | 0.0719 | 0.0829 | 0.0958 | 0.107 |
| Fibonacci | 0.0479 | 0.0571 | 0.0627 | 0.0719 | 0.081 | 0.0867 | 0.0958 |
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