We are delighted to announce that Kraken has won awards across multiple categories at two recent Australian cryptocurrency industry awards ceremonies: Finder’s Crypto Trading Platform Awards 2024 and WeMoney’s 2024 Crypto Awards. Finder, an award-winning financial comparison site, has named Kraken the best overall cryptocurrency trading platform for Australian customers in 2024. The decision was made after a team of experts analyzed over 1,100 different data points across 16 different exchanges over the past year. Finder also named Kraken a winner in the Advanced Trading and Crypto Trading – Extra Features categories. We received high marks for operating a diverse…
Author: Crypto Flexs
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Despite the widespread sell-off in the cryptocurrency markets following Mt Gox’s decision to pay its creditors, $665 million In daily liquidations, some market makers and investors remain optimistic about Bitcoin’s medium-term prospects.“The amount that is due will be a burden in the third quarter,” GSR co-CEO and co-founder Rich Rosenblum told The Block.“It’s almost Bitcoin +1.93% “It will be mined in the first year after the halving,” he said. “But once it’s digested, there’s still plenty of time for it to hit a new all-time high before the end of the year.”Teddy Fusaro, President of Bitwise Posted on X Despite…
MATIC is struggling to find its footing after nearly all of its shareholders lost their earnings. The MVRV indicator showed that the token is in a bearish phase and needs a 13% upside to break out. The situation for Polygon (MATIC) has worsened since the recent market correction. To be very specific, the token price crashed to $0.43 on July 5th. To put this in perspective, the last time MATIC reached this level was in July 2022, when the cryptocurrency market was in a full-blown downtrend. MATIC’s recent decline was consistent with the overall market, but in one respect it…
CRONOS (CRO) Blockchain The upcoming Mainnet V1.3 will undergo significant upgrades to enhance backward compatibility and improve RPCs. According to the Cronos Newsletter, the upgrade is scheduled to take place on Thursday, July 18, 2024 at approximately 7:00 AM GMT (3:00 PM HKT/SGT) at block height 14,920,000. Upgrade Details The upgrade is designed to improve the overall performance and stability of the network. It provides a smoother experience for both developers and users, with improved backward compatibility and remote procedure call (RPC) functionality. The specific block height for the upgrade is 14,920,000, and the expected…
The U.S. House of Representatives is set to vote next week on a controversial Securities and Exchange Commission accounting notice that President Joe Biden has vetoed. A resolution was passed to overturn Employee Accounting Bulletin 121, also known as SAB 121. Exercise the right of veto This was announced by President Biden in May. This announcement has been controversial in the cryptocurrency industry over the past year due to concerns that it could prevent banks from custodial digital assets. Companies that custodial cryptocurrencies would be required to record customer crypto holdings as liabilities on their balance sheets.Weekly Schedule Posted House…
Bitcoin (BTC) fell to its lowest level since February, indicating panic selling among investors. However, Blockstream founder and CEO Adam Back said in a post on X that the decline is a “normal bull market pattern.” He said traders should buy the dip instead of panicking.The panic was triggered by expectations that the German government would liquidate its Bitcoin holdings and that Mt. Gox creditors would also cash out their payments. Financial analyst Jacob King said in a post on X that most of Mt. Gox’s former creditors are likely to sell their holdings.Crypto Market Data Daily View. Source: Coin360According…
VanEck and 21Shares made headlines in the crypto community when they announced their intention to list a Solana (SOL) ETF. According to blog.bitfinex.com, the news sent Solana’s price soaring, reflecting market optimism about the potential for institutional investment and mainstream adoption of blockchain, known for its high transaction speeds and low fees. Will the Solana ETF be approved? The recent proposal for a Solana ETF has generated considerable discussion. The proposed ETF aims to provide a new investment vehicle that can track Solana’s performance and attract more institutional interest and investment. Despite these expectations, the…
According to market intelligence firm CryptoQuant, the Bitcoin Miner Capitulation Indicator is approaching levels that were at the same level as the market bottom following the FTX crash in late 2022, suggesting that BTC may have bottomed.Miner capitulation is the process by which some miners reduce their operations or sell some of their mined bitcoins and reserves to shore up or “take profits or hedge their bitcoin exposure.”CryptoQuant analysts highlighted several signs of capitulation over the past month, with the Bitcoin price dropping 13% from $68,791 to $59,603.One such signal is the significant decline in the Bitcoin hashrate (the total…
Solana’s Key Player Cashed Out $1.64 Million Worth of Dogwifhat to Bybit WIF, which fell to its lowest level in three months, lost more than 50% of its value in 30 days. Despite the popularity of derivatives, the decline in WIF flows suggests that volatility could increase. As the general cryptocurrency markets experienced double-digit losses on Friday, the meme coin sector was one of the sectors that suffered the biggest losses. One such coin that took a significant hit was Solana-based Dogwifhat (WIF), which erased gains from the recent rally, falling by up to 15% in the last 24 hours.…
This year has been a very important year for the cryptocurrency market, but we are only halfway through 2024. Bitcoin Bitcoin -2.29% ‘s price has significantly outpaced the S&P 500, surging more than 46% in the first half of the year, compared to a 15% gain for the S&P 500.The most important one is the U.S. Securities and Exchange Commission (SEC). Approved Spot Bitcoin Exchange Listed Fund – the first of its kind – has significantly increased institutional investment in cryptocurrencies. Meanwhile, Bitcoin has experienced its fourth halving, which occurs every 210,000 blocks mined, or roughly every four years.But as…