Best Crypto to Buy Now October 19 – Rollbit Coin, Radix, Render | Crypto Casino Wins

Best Crypto to Buy Now October 19 – Rollbit Coin, Radix, Render



New York Attorney General Letitia James made headlines today by filing a lawsuit against cryptocurrency firms Genesis Global, Digital Currency Group (DCG), and Gemini.

The lawsuit accuses the firms of defrauding investors of more than $1 billion.

With the recent news from the New York Attorney General, what is the best crypto to buy now?

The action by the Attorney General comes amid ongoing scrutiny of the crypto industry, following the downfall of Sam Bankman-Fried’s exchange FTX last year, which had a domino effect on several significant companies in the sector.

Attorney General James asked the court for investor restitution and the return of alleged ill-gotten gains. She is also seeking to ban Genesis, DCG, and Gemini from engaging in the financial investment industry within New York State.

Central to the lawsuit is the “Gemini Earn” program, a partnership between Gemini and Genesis. This program permitted customers to lend cryptocurrency assets like Bitcoin to Genesis.

According to the lawsuit, Gemini, operated by the Winklevoss twins—who gained fame from their legal skirmish with Meta Platforms’ Mark Zuckerberg—promoted this program as a low-risk investment.

However, Attorney General James alleges that internal analyses conducted by Gemini indicated that Genesis was financially unstable.

The Attorney General also claimed that Genesis’ loans were insufficiently secured and highly concentrated with a single entity, Alameda, a crypto hedge fund previously run by Bankman-Fried, which has since gone under.

Despite these internal findings, Gemini did not disclose this crucial information to its investors.

The lawsuit brings to light previous conflicts between Genesis and Gemini, particularly concerning the “Gemini Earn” program. Additionally, Genesis, which applied for bankruptcy protection earlier this year, counts Gemini as its largest creditor.

The lawsuit also includes charges against Genesis’ former CEO Soichiro Moro, DCG, and its CEO Barry Silbert, accusing them of concealing more than $1.1 billion in losses.

The action by the New York Attorney General adds another layer of complexity to the challenges facing the cryptocurrency industry, especially following the bankruptcy of FTX and the resultant sector-wide turmoil.

Yet some optimistic voices suggest more robust platforms like Rollbit Coin, Meme Kombat, Radix, Launchpad XYZ, and Render are some of the best crypto to buy now amid the ongoing upheaval thanks to their solid fundamentals and/or upbeat technicals.

RLB Price Prediction: Bulls Push for Breakout Amidst Growing Momentum.

Rollbit Coin (RLB) continues its bullish momentum today as the RLB price trades at $0.163768, up 5.29% so far.

This follows a significant 12.58% gain yesterday that allowed the cryptocurrency to resume its uptrend after retesting the Fib 0.5 support level of $0.138776 on October 17.

RLB now has its sights set on breaking through the next major resistance zone between $0.172735 and $0.178108, which aligns with the Fib 0.236 level of $0.177985.

The 20-day EMA for the RLB price stands at $0.138294, crossing above the 50-day EMA of $0.133476. This golden cross pattern is a notable bullish indicator, signaling growing momentum on the upside.

The widening gap between the 20-day and 100-day EMA of $0.123069 further supports this bullish view.

The RSI jumped to 62.32 from yesterday’s 59.47, moving away from oversold territory….

https://cryptonews.com/news/best-crypto-buy-now-october-19-rollbit-coin-radix-render.htm

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  • January 14, 2024 at 8:55 pm
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