The Industrial and Commercial Bank of China (ICBC), the world’s largest lender, recently released an in-depth analysis highlighting the rapid development and increasing diversity of digital currencies. Here, Bitcoin is compared to gold and Ethereum is considered “digital oil.”The report highlights humans’ capacity for imaginative belief as a driving force behind the exponential growth of digital currency types and applications, as noted by historian Yuval Noah Harari.Matthew Sigel, head of digital asset research at VanEck, said:“Chinese SOE banks continue to write love letters to Bitcoin and Ethereum.”The ICBC report outlines different development paths for different digital currencies that address unique…
Author: Crypto Flexs
Read More
Binance, one of the leading cryptocurrency exchanges, announced the addition of a new USDⓈ-M contract to its futures copy trading platform. The goal of this expansion is to provide users with more options to diversify their trading strategies. According to Binance, the new contract will be available starting June 11, 2024, at 08:00 (UTC). Understanding Binance Futures Copy Trading Binance Futures Copy Trading allows users to mirror the trading strategies of experienced traders in real time. This feature is designed to help novice traders gain insight into market dynamics and develop their own trading skills…
ZKsync announces the “Mother of All” airdrop. The airdrop includes billions of ZK tokens. Eligible users can request tokens starting next week. The ZKsync Association on Tuesday announced the “Mother of All” airdrops during a major rollup featuring billions of ZK tokens to be distributed to eligible users next week. ZKsync’s airdrop comes just one day after the Ethereum layer network launched ZK Nation, a new community-driven governance structure featuring three on-chain institutions: Token Assembly, Security Committee, and Guardian. “Mother of all drops” According to a blog post dated June 11, the ZKsync Association will airdrop 3,675,000,000 ZK tokens (17.5%…
Chainlink’s LINK price is showing strength above $16.50. A break out of the $17.50 resistance area could lead the price to continue rising. Chainlink price is showing bullish signs and we expect further gains above $17.00 against the US dollar. The price is trading near the $16.50 level and above the 100-hour simple moving average. On the hourly chart of the LINK/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance near $16.50. A break out of the $17.50 resistance area could push the price higher again. Chainlink Price Eyes Rises Further Over the…
Key Takeaways Bitcoin had a sluggish start to the week, falling below $68,000. Bitbot is developing a staking feature after raising more than $4 million in a pre-sale. Bitcoin may fail to break the $72,000 resistance level and fall. Bitcoin, the leading cryptocurrency by market capitalization, has underperformed over the past few days. It has lost nearly 3% in value over the last 24 hours and is currently trading for over $67,000 per coin. This poor performance comes as the spot Bitcoin ETF recorded an outflow of $64 million on Monday. This is the first time that the US-based spot…
Bitcoin traded below $68,000 during the Asian trading session on June 11 as analysis predicted further BTC price declines.BTC/USD 1-hour chart. Source: TradingViewBTC price weakness meets lack of “heavy” bid support.Bitcoin (BTC) fell 3% to a low of $67,320 on Bitstamp after the daily close, according to data from Cointelegraph Markets Pro and TradingView.Lacking support at the key $69,000 level, Bitcoin bulls were unable to stem the decline through thin exchange order book liquidity.A day earlier, Keith Alan, co-founder of trading resource Material Indicators, warned that a lack of bids could be a warning sign for BTC price strength.”Of course…
stack exchange network The Stack Exchange network consists of 183 Q&A communities, including Stack Overflow, the largest and most trusted online community for developers to learn, share knowledge, and build their careers. Visit Stack Exchange
Share this article Shares of Metaplanet, a public company listed on the Tokyo Stock Exchange and often compared to MicroStrategy, surged 9.88% after the company announced its third Bitcoin acquisition, according to data from Google Finance.Shares soar after Metaplanet’s third Bitcoin purchase.Metaplanet said on Monday it had added 23.351 bitcoins (BTC), worth about 250 million yen ($1.58 million), to its holdings. With this acquisition, the company now holds over 141 BTC worth approximately $9.54 million.The new move, which was approved by the company’s board of directors, is also the third Bitcoin acquisition in two months. The company previously made purchases…
There have been a lot of very interesting developments in the crypto space over the past few years. Satoshi’s blockchain notwithstanding, perhaps the first major innovation since blind zero-knowledge proof is: Fully homomorphic encryption, a technology that allows you to upload data to a server in an encrypted format, and then the server can perform calculations and send back the results without you having any idea what the data is. In 2013, we saw the beginning. Concise computational integrity and privacy (SCIP) is a toolkit pioneered by Israel’s Eli ben Sasson that allows you to cryptographically prove that you performed…
Binance Labs, the $10 billion venture capital and incubation arm of cryptocurrency exchange Binance, invested an undisclosed amount in Zircuit. Ethereum ETH -3.69% Layer 2 network developer.Zircuit is a zero-knowledge rollup with “AI-enabled sequencer-level security,” Binance Labs said on Tuesday. The company added that this investment will help Zircuit grow and advance its network.Binance Labs’ investment in Zircuit comes ahead of the network’s mainnet launch this summer. Both companies declined to disclose the size of their investment and other terms of the deal. According to X’s bio, Zircuit is backed by Pantera Capital and Dragonfly.What is Zirkit?Zircuit is an Ethereum…