Hashed Ventures, a Seoul-based cryptocurrency venture capital firm, is expanding its presence in Abu Dhabi through a new partnership with Abu Dhabi’s global tech ecosystem Hub71, according to Bloomberg.Hashed Ventures plans to open a local office in Abu Dhabi and is considering funding opportunities in the city, Hashed CEO Simon Kim said. bloomberg. The venture capital firm further aims to facilitate the entry of Korean startups into the UAE market, especially in the fintech and blockchain sectors. Kim said Hashed has already begun working with Korean companies valued at more than $1 billion entering the Abu Dhabi market.Hub71, a technology…
Author: Crypto Flexs
Read More
OKX, AGIX margin trading pairs and perpetual futures delistingLeading cryptocurrency exchange OKX announced the delisting of the AGIX/USDT margin trading pair and AGIXUSDT perpetual futures. According to OKX’s official statement, this decision is in line with SingularityNET’s official migration requirements.Delisting DetailsThe delisting process takes place in two stages.Perpetual Futures Trading:pair: AGIXUSDTDelisting time: June 28, 2024, 8:00 AM to 9:00 AM (UTC)Margin trading pairs:pair: AGIX/USDTLoan stop feature: 8:00 AM UTC, June 26, 2024Delisting Time: June 27, 2024, 9:00 AM (UTC)After delisting, all related transactions and orders in the order book will be cancelled. The exchange offers…
Polygon points out bearish market structure and is ready for more losses The rise in dormant circulation warned of a wave of selling pressure. The Polygon (MATIC) cryptocurrency experienced a deepening decline in June. It started on June 11th with prices falling below the two-month range. The low of $0.621 was retested as resistance on June 16th. This solidified the bear’s possession and opened the way for new migrations south. At press time, the $0.59 level was the next major resistance. Should bulls expect more losses and retreat from the market? The next level of HTF support was also psychologically…
A total of $9.25 billion worth of Bitcoin (BTC) options are scheduled to expire on the morning of June 28. June’s monthly expirations are particularly significant as they mark the end of the first half of 2024 and are historically the second-largest expirations across all markets. , including the traditional financial industry. Investors are particularly concerned after $3 trillion tech giant NVidia fell 12% since its all-time high on June 20.The recent pressure on Bitcoin has given the Bears a potential $430 million advantage.It’s been two months since Bitcoin’s halving, which may explain why 57% of bullish bets were placed…
team behind Bitcoin BTC -1.61% Last week, the Virtual Machine (BVM) launched BitZK, a zero-knowledge proof service that improves Bitcoin’s scalability by allowing users to create rollups and migrate applications from Ethereum to Bitcoin.This need for scaling solutions was manifested last year with the launch of protocols such as Ordinals and Runes, which sparked similar on-chain activity as Ethereum. This surge in activity has led several development teams to explore new ways to extend Bitcoin and incorporate ideas from other blockchain projects.Historically, scaling Bitcoin has been problematic, including increasing block sizes or developing scalable layer 2 solutions. Previously, the network’s…
Bitcoin (BTC) has been consolidating within a large range between $56,552 and $73,777 for several months, indicating buying near support and selling near resistance. Typically, if the price is moving sideways for an extended period of time, there needs to be a clear trigger to push the price up or down the range.The decline was caused by news that the German government was selling its Bitcoin holdings and Mt. An attempt was made to push the price below support against possible selling pressure resulting from the Gox payout. However, this did not work as lower levels attracted buyers looking to…
BitMEX, a leading cryptocurrency exchange, announced the listing of BLASTUSDT, a new perpetual swap. According to the BitMEX blog, the new listing will be available for trading from 04:00 UTC on June 27, 2024, and offers traders up to 10x leverage. New listing details BLASTUSDT perpetual swap initiates trading based on index components. BitMEX said it would notify traders through site announcements and social media channels once the listing begins. This new addition aims to provide traders with more options and leverage opportunities in the ever-evolving cryptocurrency market. Transaction and Utilization By introducing the BLASTUSDT…
The cryptocurrency community is eagerly awaiting the launch of a spot Ethereum exchange-traded fund (ETF) in the United States, which some analysts believe could attract massive capital flows into the market.Bitwise Chief Investment Officer Matt Hougan is optimistic about the potential of these investment products and predicts significant inflows into spot Ether ETFs within the first month of trading.“Ethereum ETPs will attract $15 billion in net flows in their first 18 months on the market,” Hougan declared on June 26 as part of an X Post analysis. Hougan’s $15 billion prediction is based on a thorough analysis of available data,…
How quickly can popular alternatives Shiba Inu, Cardano, and Solana recover from recent double-digit market declines? Read on at DailyCoin.
Cryptocurrency company Abra has agreed to settle with 25 state financial regulators who claim the company operated without proper licensing. The agreement, which also includes CEO William Barhydt’s name, says Abra must stop creating, buying, selling or trading cryptocurrencies to U.S. Abra Trade customers and the company must return $82 million worth of virtual assets to customers. Yes. name Presented at the Conference of State Bank Supervisors. This organization is comprised of the 50 states and other U.S. territories and oversees 79% of all banks in the United States. A group of state financial regulators from the states of Arkansas,…