UK Imposes Sanctions on HTX for Russian Evasion Claims
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 3 days ago
- First-Time Sanctions on Crypto: The UK has applied traditional banking sanctions to the cryptocurrency exchange HTX and 17 associated entities for the first time, aiming to combat Russia's efforts to bypass international financial restrictions, indicating a significant tightening of crypto market regulation.
- Massive Transaction Volume: HTX processed approximately $3.3 trillion in transaction volume over the past year, making it a key player in Russia's 'unauthorized financial networks,' which the UK government claims facilitate funding for military operations.
- Enhanced Compliance Requirements: UK financial institutions and cryptocurrency service providers are now mandated to freeze assets linked to sanctioned parties and monitor blockchain activities, ensuring no banking relationships with these entities, thereby strengthening regulatory oversight in the crypto market.
- Global Attention: As the UK pioneers the application of traditional financial sanctions in the crypto space, international regulators are likely to closely monitor this innovative framework, which could influence global regulatory policies regarding cryptocurrencies, particularly in relation to Russian financial activities.
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Technical Analysis for HTX
Technical Sentiment Analysis for HTX (HTX). As of , HTX (HTX) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for HTX 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, HTX 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 $-.
HTX (HTX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000151 | 0.00000165 | 0.0000018 | 0.00000194 | 0.00000209 | 0.00000223 | 0.00000238 |
| Fibonacci | 0.00000165 | 0.00000176 | 0.00000183 | 0.00000194 | 0.00000205 | 0.00000212 | 0.00000223 |
About HTX
Ⅰ.Project description：The HTX token, pivotal to HTX DAO, plays a crucial role as a dedicated supporter of the visionaries driving decentralized economy advancements, making it an integral part of future blockchain ecosystem developments. This token embodies transformation within the decentralized economy, enabling the realization of pioneering concepts.
Within the HTX DAO ecosystem, the HTX token serves various functions, facilitating transactions, offering fee discounts, and granting access to exclusive ecosystem features and services. HTX token holders actively participate in decentralized governance through voting, emphasizing inclusivity. The distribution strategy prioritizes contributors, community programs, development initiatives, partnerships, and platform growth.
HTX DAO distinguishes itself with the Ecosystem Liquidity Pledge, encouraging token use and voluntary pledging of HTX tokens as ecosystem liquidity for development purposes. This initiative not only bolsters liquidity but also catalyzes the growth of DeFi applications and developer activities across multiple ecosystems.
Operating without formal registration, HTX DAO functions as a decentralized assembly of token holders, emphasizing autonomy and guarding against centralized control. This structural framework fosters transparency and inclusivity within the ecosystem.
In essence, HTX token and its DAO epitomize inclusivity, innovation, and collective governance within the ever-evolving blockchain landscape.Ⅱ.Project characteristics：1.Decentralized, Open Governance
HTX DAO entrusts the governance to our decentralized global community, inviting all HTX holders, developers, and partners to share ideas and suggestions for community governance.2.Liquidity Sponsorship for Shared Ecosystem
In the future, HTX DAO will receive liquidity pledges from the HTX exchange and the Poloniex exchange, while other partners and community members are also welcome to voluntarily contribute to the ecosystem.3.Bridging DeFi and CeFi Benefits
HTX holders can benefit from both the advantages of HTX DAO and various privileges on the HTX exchange, getting fully involved in the DeFi and CeFi ecosystems.4.Transparent, Secure, Efficient
At HTX DAO, voting on proposals occurs on-chain with tamper-proof results, ensuring fairness, efficiency, and transparency in governance.III. Related Links
Official Website:https://www.htxdao.com/en-us/
Whitepaper Link:https://htxdao.gitbook.io/whitepaper/
Blockchain explorer Links:https://tronscan.org/#/token20/TUPM7K8REVzD2UdV4R5fe5M8XbnR2DdoJ6/code
Community Related links:
https://twitter.com/HTX_DAO
https://t.me/HTX_DAO
https://discord.com/invite/Aepf4VAagk
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
