index For one cryptocurrency whale, the decision to sell its entire bag of Ripple (XRP) marks a strategic shift toward a new opportunity: Retik Finance (RETIK). These whale investors plan to accumulate large positions in Retik Finance when it launches on Uniswap and multiple exchanges at 12:00 PM UTC on May 21, 2024. The goal is to leverage what the project can be. ) space. In this analysis, we take a look at this cryptocurrency whale’s journey, the rationale behind its decision to switch to Retik Finance, and the strategic considerations that guide its investment approach.Cryptocurrency Whale’s JourneyAs a seasoned…
Author: Crypto Flexs
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Today, Proof of Workforce Foundation, a 501(c)(4) tax-exempt nonprofit organization, announced the addition of two prominent members to its Board of Directors: Ajit Singh and Raphael Zagury. magazine. The duo is emerging to further the foundation’s mission to foster meaningful, education-based Bitcoin adoption in workforce organizations.Ajit Singh joins the board after serving as Chief Investment Officer of the Houston Firefighters Relief and Retirement Fund, a $5.1 billion pension fund and the first in the country to directly add Bitcoin to its balance sheet in 2021. Singh is also Chief Risk Officer and Deputy CIO of the United Nations Joint Staff…
CoinDesk 20 tracks the best digital assets and allows you to invest in multiple platforms. The broader CMI is made up of around 180 tokens and seven crypto sectors, including currencies, smart contract platforms, DeFi, culture and entertainment, computing, and digitalization.
Notcoin’s new achievements provide insight into the future of decentralized applications as developers can leverage the Telegram and TON blockchain ecosystems to create innovative and powerful projects. Notcoin (NOT), a gaming token built on top of Telegram, has recently gained attention due to its unique way of making money for community members. Pavel Durov, founder of popular messaging app Telegram, shared some stories about the token’s progress and how it grew from a simple token to one of the most talked about coins in the cryptocurrency market. From mini games to cryptocurrency phenomenon Pavel said Notcoin initially began its evolution…
Kraken is reportedly considering withdrawing support for the stablecoin USDT in Europe. The exchange’s plans come as it pushes for compliance ahead of MiCA, the EU’s cryptocurrency regulation. Cryptocurrency exchange OKX ended support for USDT trading in the EU in March. Kraken is considering a move for the cryptocurrency exchange to drop support for the Tether (USDT) stablecoin in Europe. A Bloomberg report published on Friday, May 17, noted that the cryptocurrency exchange is “actively reviewing” this position. Kraken seeks to delist USDT ahead of the EU’s MiCA regulations. According to reports, Kraken is considering ending USDT support for its…
Cryptocurrency acceptance in Latin America According to Ripple ( While consumers are enthusiastic cryptocurrency Although high, mainstream acceptance has not yet been achieved. For the first time in history, cash no longer accounts for the majority of payment preferences in Latin America. Today, only 36% of consumer transactions are cash-based, and the shift to digital payments is rapidly gaining momentum. According to a global survey, Latin Americans are more likely than their global peers to feel comfortable without a physical wallet and are most likely to believe that mobile wallets will completely replace cash within…
A St. Petersburg court seized more than $763 million in assets from Unicredit, Deutsche Bank and Commerzbank following a dispute with a Gazprom subsidiary. The seizure, one of the largest since Moscow’s invasion of Ukraine, includes $504 million in assets from Unicredit, about 4.5% of its total assets.
According to Ripple’s latest XRP Markets report, theAccording to a report published on May 17, XRPL on-chain transaction activity increased 108% during the first quarter of 2024, reaching approximately 251.39 million, compared to a total of 121.03 million in the fourth quarter of 2023. no see.Additionally, the average cost per transaction decreased by 45% to approximately 0.000856 USD.“This decrease in average cost per transaction signals a reset and means we did not experience network congestion during the quarter.”XRPL’s average cost per transaction decreased by 45% in Q1 2024. Source: RippeMeanwhile, the distribution of XRP (XRP) trading volume among cryptocurrency exchanges…
Bitcoin (BTC) hit $67,000 on May 19 as liquidity around the spot price strengthened towards the close of the week.BTC/USD 4-hour chart. Source: TradingViewBitcoin resistance level is determined to be around $70,000.Data from Cointelegraph Markets Pro and TradingView shows the bulls have maintained their gains this week, with monthly gains now exceeding 10%.Analyzing the obstacles to overcome, popular trader Daan Crypto Trades pointed out that $72,000 currently represents the greatest resistance area.“The price has eliminated a large cluster of ~$67.4K, but there is still a large level of ~$68K. “After ~$72,000 is where most of the liquidity is,” he wrote…
Smart contract platform Solana (SOL) has risen to the top of CoinGecko’s list of fastest blockchains. CoinGecko said in a new publication that Solana is the fastest large blockchain on the market, 46 times faster than rival Ethereum (ETH), the second-largest digital asset by market capitalization. However, CoinGecko says Solana is only achieving 1.6% of its theoretical maximum throughput. “Solana has proven to be the fastest of the large blockchains, with actual daily average transactions per second (TPS) hitting an all-time high of 1,504 on April 6th of this year amid the memecoin craze. This makes Solana 46 times faster…