contributor Posted on: December 17, 2024 Ethereum’s whale dominance indicates strong bullish sentiment and potential price appreciation. Concentrated holdings have raised concerns about liquidity risk and potential market corrections. Ethereum (ETH) whales are increasingly dominating the network, with 104 wallets currently holding over 100,000 ETH, accounting for over 57% of the total supply. This significant change in Ethereum deployment raises important questions about its future, especially with regard to market governance and price fluctuations. As these whales continue to accumulate, their growing dominance signals strong optimism. But with such concentrated holdings, what impact could this have on Ethereum’s future price…
Author: Crypto Flexs
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lawrence jenga December 17, 2024 10:14 BitMEX announced the listing of the PENGUUSDT perpetual swap, offering traders up to 50x leverage. The new list will be available from December 18, 2024. BitMEX, a popular cryptocurrency exchange, will introduce a new perpetual swap listing for PENGUUSDT, giving traders the opportunity to leverage up to 50x their positions. According to BitMEX, the listing will be available for trading from 04:00 UTC on December 18, 2024. New listing details PENGUUSDT Perpetual Swap is designed for traders looking for high-risk, high-reward opportunities in the volatile cryptocurrency markets. By…
TLDR Revolut will launch enhanced cryptocurrency security features with Revolut Pay for cryptocurrency customers in early 2025, following a successful pilot that saw a 50% reduction in fraud attempts. New security measures include KYC name matching between Revolut and exchange accounts, transaction risk scoring, and fraud warning screens. The system aims to address the limited visibility of card transactions and bank transfers through cryptocurrency exchanges. Integrations include direct API connectivity and end-to-end payment process control. The implementation balances user experience and safety with targeted friction based on risk assessment. Financial technology company Revolut has announced plans to expand its Revolut…
Mohammed Azharuddin Chhipa, a 35-year-old man from Springfield, Virginia, has been criminally charged with donating cryptocurrency to the notorious Islamic terrorist organization, the Islamic State of Iraq and al-Sham (ISIS). According to the U.S. Department of Justice (DOJ), Chippa sent $185,000 worth of cryptocurrency to ISIS members in Syria between October 2019 and October 2022.Court records and evidence confirmed that Chippa sent cryptocurrency to female terrorist members “to benefit ISIS in a variety of ways, including financing the escape of female ISIS members from internment camps and supporting ISIS fighters.”Prisoners raised funds through social media accounts, electronic bank transfers and…
Darius Varu December 17, 2024 07:55 NVIDIA’s 2024 advancements in AI, large-scale language models, and data science optimization will have a significant impact, as highlighted in our best posts of the year. NVIDIA’s advancements in artificial intelligence (AI), large-scale language models (LLM), and high-performance computing have placed it at the forefront of technological advancements in 2024. According to NVIDIA’s official blog, these developments not only transformed AI solutions but also captivated people. It attracts attention from readers and industry experts around the world. Innovations in AI and LLM 2024 will see significant progress in…
Bitpanda has received in-principle approval from Dubai VARA. Dubai is emerging as a global cryptocurrency hub with a supportive regulatory environment. Bitpanda plans to expand globally by establishing a regional headquarters in Dubai. Bitpanda, a prominent European digital asset platform, has achieved a significant milestone by obtaining in-principle approval from the Dubai Virtual Asset Regulatory Authority (VARA). With this approval, the Austrian company becomes the first European cryptocurrency company to enter Dubai’s fast-growing digital asset market. Dubai emerges as a cryptocurrency hub Dubai has emerged as a global cryptocurrency and blockchain innovation hub, attracting major companies from around the world.…
It feels good when you start investing in cryptocurrency and things go well. When you see your prize money increasing, you feel like you’ve hit the jackpot. But that euphoria may make you want more and more. You wonder:“Couldn’t you have made more money if you had invested more? Or if you had invested earlier?”Those thoughts can keep you busy and sometimes make you feel anxious about the choices you’ve made.The thirst for success: advantage or pitfall?The taste of success is more than that, it is very human. But it can also be a trap. You don’t want to miss…
Matthew Sigel, head of digital asset research at VanEck, said Bitcoin could reach $180,000 this bull cycle but is “underexposed” to corporate adoption. Matthew Sigel, appearing on the Coin Stories podcast, said Bitcoin (BTC) could hit $180,000 by 2025, pointing to important indicators such as funding ratios, unrealized profits, and retail speculation as the basis for these predictions. In a conversation with host Natalie Brunel, Sigel said VanEck “Bitcoin strength since 2017″. However, he believes there is still a long way to go before businesses adopt Bitcoin. Traditional asset managers like Morgan Stanley and Merrill Lynch, which are owned by…
A cat-inspired memecoin is surging after a surprise listing on Binance, the world’s largest cryptocurrency exchange. In a new announcement, Binance revealed that Simon’s Cat (CAT) will be available for trading via the BNB Chain (BNB) starting Tuesday. Amid this news, CAT is trading at $0.00006245 at the time of writing, up nearly 45% in the last 24 hours. With a market capitalization of $420.8 million, CAT is the 244th largest cryptocurrency project. The project is celebrating support on social media platform X. “CAT is proud to be the first CAT coin listed on Binance. The BNB chain is where…
Bitcoin hit new peaks this week, pushing its ratio to gold to record levels as investors continue to pile up on the digital asset through the end of the year.The ratio, which measures how many ounces of gold one bitcoin can buy, reached an unprecedented level on Monday, rising to 37.3. This means that one Bitcoin can now purchase approximately 37 ounces of gold. This is a new historic high. Currently, this figure is roughly half a point higher compared to the figure witnessed during the cryptocurrency’s previous bull run in November 2021, at 36.7.“Reaching new highs signals the continued…