Russia's Prosecutor General Declares WhiteBit a 'Notorious Entity'
- Illegal Fund Transfers: The Russian Prosecutor's Office alleges that WhiteBit has transferred approximately $11 million to the Ukrainian military since 2022, with about $900,000 reportedly used for drone purchases, highlighting the platform's role in facilitating illegal financial activities.
- Collaboration with Ukraine: WhiteBit is accused of cooperating with the Ukrainian Ministry of Foreign Affairs by providing technical support to the United24 platform, which collected crypto donations for Ukraine, intensifying Russian legal actions against the exchange.
- User Base and Trading Volume: Founded in 2018, WhiteBit claims over 8 million users and reports daily trading volumes of approximately $11 billion in spot markets and up to $40 billion in futures, indicating its significant influence in the crypto market.
- Absence in Russian Market: Currently, there are no registered cryptocurrency exchanges operating in Russia, with the Central Bank aiming to establish a liability regime for illegal brokerage activities in the crypto market by 2027, reflecting the country's lag in crypto regulation.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK 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 stock.
Support, Resistance & Moving Averages From a structural perspective, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00387 | 0.0169 | 0.0279 | 0.0409 | 0.0519 | 0.0649 | 0.0759 |
| Fibonacci | 0.0169 | 0.0261 | 0.0317 | 0.0409 | 0.0501 | 0.0557 | 0.0649 |
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