Rebecca Moen 21 Aug 2024 14:56 The SFC has issued a warning to ICE Global Professional Station, citing suspected impersonation and virtual asset-related fraud. The Hong Kong Securities and Futures Commission (SFC) has issued a public warning about a platform called “ICE Global Professional Station”. According to the SFC, the institution is suspected of being involved in impersonation and fraud involving virtual assets. Details of the warning The SFC issued an official statement warning the public not to interact with ICE Global Professional Station, emphasizing that the platform falsely represents itself as a legitimate…
Author: Crypto Flexs
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Starknet has announced two major updates to its roadmap. The network announced that it will introduce STRK staking. STRK holders will be able to cast their first mainnet vote for this program. Starknet, an Ethereum Layer 2 scaling solution, announced plans to launch STRK staking on Tuesday, marking a major milestone for the network. As part of its development, Starknet proposed a community vote on the STRK token minting mechanism, inviting STRK holders to participate in the project’s first governance vote to take place on mainnet. STRK Staking In a post to X (Twitter) on August 20, Starknet said that…
Bitcoin Bitcoin -2.77% Mining company Bitfarms (ticker: BITF) has agreed to acquire rival Stronghold Digital (ticker: SDIG) in a $175 million equity and debt financing deal. The boards of directors of both companies have “unanimously approved” the acquisition, Due date In the first quarter of 2025.The two companies are merging in a $125 million stock-for-stock deal, with Bitfarms assuming $50 million of Stronghold’s debt. Bitfarms is paying a 71% premium to the 90-day volume-weighted average price of Stronghold stock as of August 16. Stronghold shareholders will receive 2.52 shares of Bitfarms’ BITF for each share they own.SDIG is up more…
Bitcoin (BTC) has been consolidating for the past few weeks, narrowing its range below $61,000. During this consolidation period, one of Bitcoin’s notable indicators has been on the rise, suggesting a “market consolidation finale.” According to a recent analysis by CryptoQuant analyst Axel Adler Jr., BTC’s average daily token transfers have surged significantly, recently reaching $57,000. According to data shared by Adler Jr., the increase in transaction volume from $650,000 to $765,000 coincides with the Bitcoin price stabilizing in the $57,000 to $68,000 range. The final stage of integration? According to analysts, the increasing transaction volume is particularly interesting because…
Bitcoin price has started a new downtrend from the $60,000 resistance zone. BTC is currently declining and could test the $57,650 support zone. Bitcoin has started to decline again from the resistance level of $60,000. The price is trading below $58,800 and the 100 hourly simple moving average. According to data provided by Kraken, a major bullish trend line has broken below the support level of $59,700 on the hourly chart of BTC/USD. The pair is likely to attempt a fresh uptrend if it stays above the $57,650 area. Bitcoin price falls again Bitcoin price struggled to settle above the…
Ted Hisokawa 21 Aug 2024 12:49 Explore BitTorrent Chain (BTTC)’s innovative voting smart contract designed to enhance the transparency and security of elections. BitTorrent Inc. has released a new voting smart contract on BitTorrent Chain (BTTC), which aims to decentralize the democratic process by ensuring transparent and tamper-proof voting. According to BitTorrent Inc., the contract includes nomination of candidates, voting, and determination of winners.Voting Contract: A Blueprint for Digital DemocracyThe voting contract is carefully designed to manage the entire voting process. Its main components are:Structures and State VariablesThe contract defines structures and state variables…
Real Vision analyst Jamie Kautz says altcoins are likely to repeat the explosive mania of 2020 and 2021. Coutts told social media platform X that the cryptocurrency market cycle is currently seeing “selective high-quality assets bottoming out and will outperform once the bull market resumes.” The analyst shares a chart comparing the performance of the top 200 crypto assets to the total crypto market cap, which he uses to gauge the strength of altcoins. He noted that the indicator is similar to the late 2020s, when Bitcoin (BTC) outperformed the broader market for months, while global liquidity appears to be…
Bitcoin (BTC) is expected to reach a macro peak in late 2025 as a popular analyst dismisses early signs of a bear market.In an August 19 X analysis, the anonymous CryptoCon doubled down on his timeline for BTC price all-time highs.Trader: “The Top of the BTC Price Cycle Is Yet to Come”Bitcoin’s latest March all-time high was ‘chaotic’, but it could soon be broken due to price discovery.For CryptoCon, the market is still headed towards a massive bull run in 2025, which will create the next long-term peak for BTC/USD.He justifies his predictions using the so-called “November 28 Cycle Theory,”…
According to on-chain data provider CryptoQuant, a declining monthly growth rate in Bitcoin whale holdings is a bearish indicator for the digital asset’s price.CryptoQuant’s weekly report shows that the 30-day percentage change in whale holdings has decreased from 6% in February to the current growth rate of 1%.The report said the decline in appetite among large Bitcoin holders was a bearish market indicator. “Historically, when whale holdings grew by more than 3% per month, this was associated with higher Bitcoin prices, but this is no longer the case,” CryptoQuant analysts said. Monthly growth in total whale holdings has decreased from…
Binance, one of the world’s largest cryptocurrency exchanges, has announced the delisting of nine altcoin spot trading pairs. This change will take effect at 03:00 UTC on August 23rd and reflects Binance’s efforts to improve market quality. What should Binance users do? Binance evaluates the performance of listed trading pairs and removes pairs that do not meet liquidity and trading volume thresholds. The exchange claims that these measures protect users and maintain a high-quality trading environment. Read more: Binance Review 2024: Is it the right cryptocurrency exchange for you? The pairs to be removed are: ARKM/TUSD CHZ/EUR ENA/Euro FIRO/BTC IOTA/FDUSD…