Bithumb Restricts TokenSpot Amid Urgent Money Laundering Probe
- Compliance Policy Change: Bithumb has announced an immediate restriction on deposits and withdrawals for TokenSpot due to its alleged connections with Garantex and Grinex, both sanctioned by the U.S. Treasury, highlighting Bithumb's commitment to compliance and aiming to protect its platform from illegal activities.
- Escalation of Money Laundering Allegations: TokenSpot is accused of acting as a conduit for funds between Garantex and Grinex, which have been sanctioned for involvement in ransomware payments; this restriction is a direct response to increasing regulatory pressure and may impact users relying on cross-border transactions.
- Market Impact Analysis: Affected users must seek alternative platforms, potentially leading to a short-term liquidity shift to other exchanges like Upbit or Coinone, while reinforcing the importance of using regulated exchanges; Bithumb's actions set a precedent for other Korean exchanges to follow.
- Expert Opinions: Industry experts view Bithumb's decision as a landmark compliance move that maintains trust in the Korean crypto ecosystem while reducing potential legal risks, ensuring its competitiveness in the global market.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.044 | 0.0517 | 0.0569 | 0.0646 | 0.0699 | 0.0775 | 0.0828 |
| Fibonacci | 0.0517 | 0.0566 | 0.0597 | 0.0646 | 0.0695 | 0.0726 | 0.0775 |
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