CZ Refutes Intentions to Create Private Crypto Bank in Kyrgyzstan
CZ Denies Bank Proposal: Binance founder Changpeng Zhao (CZ) refuted claims that he suggested establishing a private crypto bank in Kyrgyzstan, labeling the reports as false and emphasizing he has no interest in running a bank.
Origin of the Rumor: The speculation originated from Kyrgyz media reports linking President Sadyr Japarov's support for a new crypto-friendly bank, Bereket Bank, to CZ, but he clarified that he had no involvement or knowledge of the project.
Kyrgyzstan's Crypto Initiatives: The country has been working to modernize its financial sector and attract blockchain investments, including the idea of a national digital-asset framework, but CZ's denial indicates he was mistakenly associated with these plans.
CZ's Support for Crypto Banks: While CZ supports the idea of banks working with crypto, he reiterated his lack of interest in operating one, using humor to address the situation and highlight the rapid spread of unverified claims in the crypto news cycle.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 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 | 0.000247 | 0.0143 | 0.0253 | 0.0394 | 0.0504 | 0.0645 | 0.0755 |
| Fibonacci | 0.0143 | 0.0239 | 0.0298 | 0.0394 | 0.049 | 0.0549 | 0.0645 |
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