Telegram recently transformed its presence in the digital market by launching Telegram Stars, a new payment method within the application. Announcing the new feature, Pavel Durov, CEO of the social network, explained that it will allow users to easily purchase a variety of digital goods and services through apps on iOS and Android devices. Telegram Stars is interesting because users can use Stars to purchase digital assets such as e-books, online courses, and in-game items. This virtual currency can only be used on the platform. The stars mentioned above can be conveniently purchased directly from the application. One of the…
Author: Crypto Flexs
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The US Bitcoin exchange-traded fund (ETF) experienced significant inflows amounting to $488.1 million on June 5, indicating a bullish development in the market. However, this financial momentum is juxtaposed with a sharp decline in retail interest, as reflected in Google Trends data that shows a sharp decline in Bitcoin-related searches compared to 2021 peaks.Impressive influx despite low search volumeUS Bitcoin ETFs recorded the second highest inflow day on June 4th with $886.6 million, followed by $488.1 million on June 5th. Leading the way was Fidelity’s Wise Origin Bitcoin Fund (FBTC), which accounted for $220.6 million of total inflows. BlackRock’s iShares…
The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent websites and internet banking login screens linked to China CITIC Bank International Limited. The warning aims to protect the public from potential financial fraud, as highlighted in the bank’s recent press release. Fraudulent websites and login screens According to the HKMA, fraudulent websites and login screens have been reported and the public should be vigilant. The scam site mimics China CITIC Bank’s legitimate internet banking platform, potentially tricking users into revealing sensitive personal information. public consultation The HKMA emphasizes that legitimate banks will…
Bitcoin mining company Bitdeer has introduced the “SEAL04” chip in its technology roadmap for its newly launched Sealminer rig. The SEAL04 chip, scheduled for release in the second quarter of 2025, is expected to achieve energy efficiency as low as 5 joules per terahash (J/TH).According to a press release, the roadmap aims to increase transparency in mining and manage miners’ expectations regarding technological advancements and equipment deliveries, while providing data analytics on machine functionality, inventory and purchasing behavior.Pioneering low-power Bitcoin miningBitdeer says the SEAL04 chip will power the fourth generation of Sealminer machines, which will be mass produced and shipped…
With Bitcoin and Ethereum surging, what does the Ripple price prediction indicate about XRP’s ability to keep up with these market leaders? Ripple (XRP) has been in the spotlight for quite some time, but not necessarily for the reasons fans would like. Since the beginning of the year, XRP has been flat and showing disappointing performance. While Bitcoin (BTC) and Ethereum (ETH) have surged 69% year to date (YTD) and other altcoins are up over 100%, Ripple’s value has fallen nearly 15% and is currently sitting at $0.53. XRP 1 year price chart | Source: CoinMarketCap Despite this lackluster performance,…
We are excited to announce the return of the Devcon Scholars program. Devcon Southeast Asia! Bringing together builders from diverse geographies and disciplines, the Devcon Scholars program offers more than just a scholarship to attend Devcon. It aims to build a community focused on co-learning and co-creation, connect Ethereum to the rest of the world, and push the boundaries of Ethereum. . This year we will welcome up to 100 scholars across four categories: (1) Ethereum Community Organizers, (2) Law Students and Legal Professionals, (3) Artists and Science Fiction Writers, and (4) Other Builders. You can apply nowuntil Sunday, July…
Solana-based GME Coin (GME), a memecoin not to be confused with GME stock in homage to the 2021 GameStop short squeeze, has surged more than 150% in the past 24 hours, reaching $0.029 on June 7. Interestingly, prices exploded after Keith Gill, also known as Roaring Kitty, announced his return to YouTube on June 7 after a three-year hiatus.GME memecoin surges 750% in one weekGill was a central figure in the original GameStop short squeeze series in 2021, and his recent activity online has reignited interest in GameStop-related investments. For example, the price of the GME cryptocurrency has surged more…
Gensler’s comments about the Ethereum ETF fuel speculation about the speed of the SEC’s review. The SEC’s approval of the listing of the ETH ETF signals a changing stance. The cryptocurrency community is abuzz with speculation following recent comments from SEC Chairman Gary Gensler. In a report by Reuters, Gensler said the approval process for a spot Ethereum (ETH) exchange-traded fund (ETF) in the United States will depend on the issuer’s response to feedback from the SEC. he said, “These registrants are self-motivated to respond to the comments they receive, but how responsive they actually are is up to them.”…
Medical device manufacturer Semler Scientific (Nasdaq: SMLR) announced the acquisition of an additional 247 Bitcoins for $17 million in cash, bringing its total holdings to 828 BTC. The company also plans to raise $150 million to expand its Bitcoin reserves. Just arrived: BlackRock branch #Bitcoin ETF IBIT saw inflows of $347.1 million today. pic.twitter.com/SIKByVcctAadvertising — Bitcoin Magazine (@BitcoinMagazine) June 6, 2024 Semler made waves last month when he adopted Bitcoin as his primary treasury reserve asset, mimicking MicroStrategy’s influential corporate Bitcoin accumulation strategy. After purchasing his first 581 bitcoins, Semler continued to acquire more coins. “Semler remains focused on two…
Animoca Brands Chairman Yat Siu said Hong Kong asset managers were working to include staking in their spot ether exchange-traded fund, hoping the staking rewards feature would be approved this year.Hong Kong is “currently in discussions,” Siu told The Block in an interview. ETH -0.98% He stated that the possibility of ‘staking’ being approved in Asia rather than the United States is ‘almost a foregone conclusion.’“As for how fast, there is an optimistic side to hoping it will happen within the year,” Siu said. “I would say that unless there is a big movement in annual staking, the election results…