On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. The crypto bear market continues, with data from the weekend indicating a Bitcoin (BTC) resistance level at $3,500. Hear about how the NEM Foundation has burned through all of its funds and are asking for more funds, and they likely played a role in NEM’s (XEM) 98 percent price collapse. We discuss the controversial QuadrigaCX situation. Supposedly the CEO and Founder of QuadrigaCX went to India to build an orphanage and died, and had exclusive control of $190 million of private keys that cannot be recovered. An investigation by Chain Analysis has found that QuadrigaCX does not have cold wallets, is not being honest about its crypto holdings, and was likely operating as a ponzi scheme.
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