Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin data center company, announced the appointment of Ben Gagnon as its new Chief Executive Officer, effective immediately. According to the press release, Gagnon, who previously served as Chief Mining Officer, is expected to lead the company through its next phase of growth and expansion. Leadership Transition Gagnon brings extensive experience in Bitcoin mining to his new role. He joined Bitfarms in 2019 as Director of Business Development, was promoted to Director of Mining Operations in 2020, and became Chief Mining Officer in 2021. During his tenure, he has…
Author: Crypto Flexs
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Taiwan has built a potential prototype platform. Central bank digital currency. Plans As central banks continue to research and develop CBDCs, they will hold several hearings and forums over the next year.Taiwan’s central bank governor Yang Jin-long said in a research paper released on Sunday that building a digital currency is not an international competition and the central bank has not yet set a firm timeline for issuing a CBDC. report At the completion ceremony of the Central News Agency.According to The Block, Prime Minister Yang is scheduled to present a report on the progress of CBDC development to Taiwan’s…
A new report from CoinShares reveals that $441 million worth of market buying opportunities flowed into digital asset investment products last week. The July 8 report also highlighted $398 million in inflows into Bitcoin (BTC). According to CoinShares, the weakness in the Bitcoin price, activity at Mt. Gox, and selling pressure from the German government are likely the reasons for the buying frenzy.Inflows were mainly to the United States at $384 million, followed by Hong Kong ($32 million), Switzerland ($24 million) and Canada ($12 million), while there was an outflow of $23 million from Germany. Last week was a big…
According to CoinShares, digital asset investment products have seen significant inflows totaling $441 million as recent price weakness is perceived as a buying opportunity. The inflows, led by Bitcoin (BTC) and various altcoins, represent a notable shift in investor sentiment.Bitcoin Dominates, Altcoins Gain PopularityBitcoin (BTC) led the way with $398 million inflows, accounting for 90% of the total. However, this dominance was unusual as investors also showed significant interest in a wider range of altcoins. Solana (SOL) stood out last week with $16 million inflows, taking its YTD inflows to $57 million, making it the…
Bitcoin (BTC) begins the second week of July on a risky note, with investors concerned about further declines in the BTC price.BTC/USD is hitting its lowest weekly close in four months, giving bulls a nightmare as unrealized losses mount and bigger hits are expected to come.Where will the market ultimately go?The trading community, already shocked by the scale of recent losses, is nonetheless bracing for lower levels. Historically, the current decline is still small, leaving the path open for a trip to $50,000 or lower. With this unpleasant situation in mind, long-time market participants are watching to see how major…
The German government continues to transfer bitcoins to central exchanges with the intention of selling them.According to data from on-chain analytics platform Arkham, 250 bitcoins were transferred to Bitstamp and 250 bitcoins to Coinbase from addresses listed as belonging to the German government. At current prices, the total is close to $28 million.An additional 500 bitcoins were sent to an unlabeled address that likely belonged to a centralized cryptocurrency exchange or OTC service.The German government currently holds 38,826 bitcoins in known addresses, worth a total of $2.17 billion. Germany’s weeks-long sell-off hasn’t been popular with everyone in the country’s government,…
“Foolishly, the German government has transferred $390 million worth of BTC to exchanges and sold them for fiat currency over the past few weeks. From a geopolitical perspective, it is a strategic mistake for any country to sell its Bitcoin holdings for fiat currency, as they can simply print the latter out of thin air,” he said in the July 5 edition of the Blockware Intelligence newsletter.
OKX recently announced that it plans to list Xraders (XR) on its spot trading market. According to OKX, the listing will follow a specific schedule. XR deposits will open on July 8, 2024 at 6:00 AM UTC, XR/USDT spot trading will open on July 11, 2024 at 8:00 AM UTC, and XR withdrawals will be available from July 12, 2024 at 10:00 AM UTC. About Xraders(XR) Xraders is a decentralized expert curation platform that aims to empower investors through curated expert insights. The platform enhances users’ trading experience by integrating AI modeling with community-driven validation…
According to Binance, the leading cryptocurrency exchange has announced the launch of a new ‘Word of the Day’ (WOTD) game, which gives eligible users the opportunity to share in a pool of 500,000 Binance Points, which can be exchanged for BNB token coupons and trading fee discount coupons in the Rewards Hub. The WOTD game is designed to improve users’ cryptocurrency vocabulary and provide them with information on the latest market trends. This week’s topic is ‘Binance 7YA’. Participants are encouraged to read selected articles on this topic and participate in the WOTD game to…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Hoppy price has been trading at a 29% surge in the last 24 hours. $0.0001764 5:00 p.m. Eastern Standard Time. HOPPY proved resilient despite the cryptocurrency crash on Thursday and Friday of this week, hitting a new all-time high (ATH) in just 24 hours. Wait a minute, is the market crashing?$Hopi Even after this massive selloff, holders barely moved. Create a new ATH after 24 hours. Several new exchanges list it every week and it currently has 10,000 holders. I can see $Hopi…