Ethereum (ETH), the second-largest cryptocurrency, has had mixed performance recently, but may be gearing up for a big price surge, according to several prominent analysts. Despite lagging behind Bitcoin’s gains this year, there are optimistic predictions that ETH is poised for a rebound into the five-digit range. TLDR Crypto analysts have expressed optimism about Ethereum (ETH), with one suggesting that it could surge above $10,000 by the end of the year. Coinbase said ETH is likely to see a surprising rally in the coming months due to the lack of major supply-side overhangs such as token unlocks or miner selling…
Author: Crypto Flexs
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Hong Kong has launched a digital yuan pilot program, marking a significant step forward in the adoption of China’s central bank digital currency (CBDC) outside mainland China. The development, led by the Hong Kong Monetary Authority (HKMA), highlights the evolving landscape of digital finance and is primarily focused on facilitating cross-border payments rather than enabling peer-to-peer (P2P) transactions within Hong Kong itself.Integration with faster payment systemsThe digital yuan pilot will allow Hong Kong residents to use their e-CNY wallet to transact and recharge through 17 participating retail banks connected to the Fast Payment System (FPS). This integration marks the first…
Telegram CEO Pavel Durov showed his support for Web3 game Notcoin on Friday. Notcoin launched its NOT token on The Open Network (TON) blockchain yesterday.“Notcoin, our mini-app on Telegram, has gained 35 million active users in just a few months,” Durov wrote to his more than 2.5 million subscribers on his Telegram channel. “This incredible success story shows how powerful the Telegram/TON ecosystem is for app developers.”Notcoin airdropped over 80 billion NOT tokens to participants on Thursday, launching the cryptocurrency on the TON blockchain and starting trading on various cryptocurrency exchanges.Notcoin players “mine” in-game currency by tapping the Notcoin icon…
Dogecoin (DOGE), a meme-inspired cryptocurrency with a loyal following, has been riding a wave of optimism recently. Over the past week, the price has surged nearly 8%, much to the delight of investors. However, recent moves by large DOGE holders have cast a shadow of uncertainty over the future of this naughty pup’s price trajectory. Related Reading Dogecoin buoyed by market uptrend and short squeeze The broader cryptocurrency market sentiment has been bullish recently and DOGE has been happily wagging its tail. There has been a significant price increase over the past week, and it seems to have been on…
Former Hong Kong broker jailed for false trading In a recent crackdown on illegal financial activities, two former Hong Kong brokers were each sentenced to three months in prison for false trading. The Securities and Futures Commission (SFC) announced the ruling Friday, marking another milestone in the city’s efforts to maintain fair and transparent financial markets. details of the case The two brokers, whose identities were not disclosed, were found guilty of creating a false or misleading representation regarding the market or pricing of derivatives contracts. These practices have resulted in a distorted market environment,…
BitMEX Announces Change in Display Method for NOTUSDTK24 BitMEX, a leading cryptocurrency trading platform, announced that effective from 09:55 UTC on May 17, NOTUSDTK24’s display method will be changed to fair price display. This significant change was possible because the platform has built a powerful index representing the spot price of NOT. .BNOTT Index Introduction NOT tokens are now priced according to the .BNOTT index. This innovative index does not include prices from leading cryptocurrency exchanges such as Binance, OKX, Bybit and Gate.io. The introduction of the .BNOTT index ensures a more accurate and fair…
“You’re still a frog in the well who knows nothing about the ocean” is one of the coolest lines we’ve heard in this year’s reveal trailer.The next installment in the massive video game franchise Assassin’s Creed has been announced, set in ancient Japan. Players will see themselves controlling two contrasting characters with different fighting styles as their narratives collide.With the game releasing before the end of the year, fans of the series (including us) will want to know everything about it. Do not worry. We’re here to help. Here’s everything we know so far about Assassin’s Creed Shadows.(Note: While Ubisoft…
Solana is currently one of the best performing cryptocurrencies among the top 15. Strong optimistic sentiment within the community may also help the price of SOL It’s no secret that Solana (SOL) has been making waves in the cryptocurrency market for quite some time. The entire cryptocurrency community loves SOL, and Memecoin has delivered incredible returns for investors and traders alike. The summer of 2024 has been dubbed ‘Solana Summer’ as the community anticipates that altcoins will trigger a highly anticipated alt season. Solana’s network is healthier than ever. Currently, Solana’s network is known to boast the best performance in…
The case centered on a criminal network using digital currencies to facilitate money laundering for fraud groups. Binance worked with Taiwanese authorities to resolve a large-scale money laundering case worth about NT$200 million, or approximately $6.5 million. The case centered on a criminal network using digital currencies to facilitate money laundering for fraud groups, using fake customer conversation logs, proof of transfers and identity verification data to appear real. Taiwan’s Ministry of Justice and the Tapei Prosecutor’s Office recognize the complexity of this laundering case and seek assistance from the Binance Financial Crimes Compliance Team. The exchange, known for its…
After a period of correction, Filecoin (FIL) is poised for a potential price surge, driven by optimistic technical indicators and analyst forecasts. As of Friday afternoon, FIL is hovering around $5.80, but whispers of a $15 target in the coming weeks are swirling in cryptocurrency circles. Related Reading advertising Recent price surge sparks investor interest FIL has been on a tear recently, overcoming the overall slump in the cryptocurrency market. In the last 24 hours, the token has increased by over 7% and healthy trading volume has exceeded $420 million. This surge in prices and activity has caught the attention…