Author: Crypto Flexs

index Digital currency trends may constantly change, but Brazil appears to have solid support with an innovative spirit and direct regulatory approach. This supportive environment has led to a boom in cryptocurrency purchases in the country, with cryptocurrency imports reaching $14.8 billion over the past 12 months as of March. Amid this growth, Coinbase, one of the world’s leading cryptocurrency exchanges, has made significant progress in Brazil. Labeled a “Go Deep” market in Coinbase’s growth strategy, Brazil’s large, tech-savvy population aligns perfectly with the company’s vision. Mike Ermolaev spoke with Fábio Plein, Managing Director of the Americas at Coinbase, to…

Read More

The price of Bitcoin rose more than 8% and surged above $70,000. BTC is now consolidating gains and showing further upside in the near term. Bitcoin started a new rally above the $70,000 resistance zone. The price is trading above $79,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a bullish trendline connecting with support at $70,500. Unless the bears break below $68,800, the pair could begin another rally. Bitcoin price rises 8% Bitcoin price has formed a base above the $66,500 level. BTC began a new rally above the…

Read More

On May 20, the price of Ether (ETH) surged more than 18% after Bloomberg senior analyst Eric Balchunas increased the odds of approval for an Ethereum exchange-traded fund (ETF) from 25% to 75%. Balchunas noted that the U.S. Securities and Exchange Commission likely faced political pressure because it had little involvement with ETF applicants in its previous stance.source: Eric BalchunasBalchunas said the SEC has reportedly asked exchanges such as the NYSE and Nasdaq to update their filings, although there has been no formal confirmation from regulators. Nonetheless, Nate Geraci, co-founder of ETF Lab and president of ETF Store, said a…

Read More

Crow Unveils Groundbreaking, Innovative Web3 Escrow Platform on Social, Enhances Transaction Security and Transparency – Chainwire housenewsroomCrow unveils groundbreaking, innovative Web3 escrow platform on social network, improving transaction security and transparency We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage…

Read More

Web3 gaming company Gala Games appears to have been attacked on Monday, with someone mining $5 billion. festival -0.66% About $206 million worth of tokens, according to Blockchain Explorer Etherscan. Following the incident, GALA, the platform’s native token, plummeted nearly 15% from $0.0467 at 3:00 PM (19:00 UTC) on May 20 to $0.0397 at 5:25 PM (21:25 UTC) on May 20. Data from The Block’s token price page.Overall, the token price has fallen 5.77% over the past day. GALA maintains a market cap of $1.7 billion with a circulating supply of 40.6 billion. GALA price performance. Image: Block PriceThe situation…

Read More

One cryptocurrency trader believes there is a stronger market bull narrative for digital assets than artificial intelligence (AI) that could send altcoins to new all-time highs (ATH). pseudonymous trader Criptopaul tells his 105,900 followers on social media platform “In my opinion, RWA is still the bigger story of this cycle than AI because the concept itself is based on blockchain and is the true financial revolution that has been assumed for years since the birth of Ethereum. Tokenization.” Analysts are also predicting that a massive breakout of Ethereum (ETH) against Bitcoin (ETH/BTC) could signal the start of a historic breakout…

Read More

This prediction highlights the growing trend of tokens launching with high valuations and low initial circulating supply, a topic that has sparked considerable discussion within the cryptocurrency community. Recent data from Token Unlocks confirms an important trend in the cryptocurrency industry. Many tokens are entering the market with low circulation but high value. This market structure raises concerns about traders’ sustainable upside following the Token Generation Event (TGE). According to a report by Binance Research, up to $155 billion worth of tokens are expected to be unlocked between 2024 and 2030, which will create significant selling pressure unless buy-side demand…

Read More

Prices for the injectable drug rose 10% to more than $27.26, while Phantom shot up 12% to $0.96. Altcoins benefited as the price of Bitcoin surpassed $68,000, hitting its highest level since April 12. Bitcoin (BTC) price rose more than 2% in afternoon trading on Monday as the bulls topped $68,000. This is the first time the flagship cryptocurrency asset has reached this level since April 12, when BTC fell from a high of $69,100. Injective and Phantom prices soar A number of altcoins reflected the gains as the benchmark cryptocurrency stared at $69,000. Ethereum surpassed $3,150, BNB hit $580,…

Read More

The Bitcoin Asia Conference, held in Hong Kong on May 9 and 10, 2024, marked an important milestone in the adoption of Bitcoin as a legitimate medium of exchange.This article outlines the strategies and technologies implemented to facilitate seamless Bitcoin transactions for goods and services over a two-day period leveraging self-custodial payment processing capabilities through BTCPay servers.summaryDuring the event, 212 Bitcoin transactions were processed with 4 vendors participating, for a total of 7,714,253 sats (equivalent to 36,974.63 HKD).The average trading volume was about 36,560 sat (about 175 HKD). In particular, the system maintained full operational uptime with no errors in…

Read More