Bitcoin (BTC) is seeing a surge in trading volume among new institutional investment products. Nearly 1,000 U.S. companies have purchased Bitcoin exchange-traded funds (ETFs).Daily spot Bitcoin trading volume surpassed $5 billion, according to data uploaded to X (formerly Twitter) by research firm Santiment on May 16.One day, 7 Bitcoin ETFs, trading volume $5.65 billionThe Bitcoin ETF has not performed since BTC/USD hit an all-time high of $73,800.As Santiment noted, the seven largest U.S. cash ETFs managed $5.65 billion in trading volume this week, the highest since March 24.“Gone are the days when whales were only accumulated on-chain,” Santiment said in…
Author: Crypto Flexs
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“Ponzi scheme” has become a byword for all manner of financial frauds and monetary scams. When a rapid six month collapse erased $2T (trillion) from crypto market capitalization in 2022, mainstream media outlets were quick to again label cryptocurrencies, including Bitcoin, Ponzi schemes.Writing in the Chinese People’s Daily online edition, Shan Zhiguang and He Yifan, representing the Chinese Blockchain-based Services Network (BSN), claimed:Ever since Satoshi Nakamoto released “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008, leading to the official birth of Bitcoin, the debate surrounding virtual currency (Cryptocurrency) has never stopped for a moment. (. . .) In its essence,…
Türkiye’s ruling party submitted a draft cryptocurrency bill to parliament on May 16. The bill focuses on licensing and registering cryptocurrency service providers and ensuring compliance with international standards. According to a Reuters report, the draft bill aims to update existing laws to comprehensively govern cryptocurrency markets. Key focus areas of the bill include consumer protection, platform transparency, and financial regulatory compliance.The proposed law would regulate cryptocurrency trading platforms and other service providers in the sector, requiring them to obtain a license from Turkey’s Capital Markets Board (CMB). Related: Türkiye ranks first in the world in proportion of stablecoin purchases…
The Hong Kong Monetary Authority announced Friday that Hong Kong users can now set up personal e-CNY wallets for cross-border payments. The development is expected to expand the use of China’s central bank digital currency among Hong Kong residents.According to press releaseHKMA and the People’s Bank of China will facilitate the setup of a personal e-CNY wallet for Hong Kong users, requiring only a Hong Kong mobile phone number.Fast Payment System (FPS) will promote e-CNY wallet usage in Hong Kong. this system Users can top up their wallets through 17 retail banks in the city. However, e-CNY wallet prioritizes cross-border…
Over the past few weeks, the Phantom Foundation has been releasing its latest upgrade, codenamed Sonic. Currently, 25 out of 60 nodes have completed the upgrade. According to the dashboardThe chain is officially upgraded when the new software reaches 2/3 of the nodes.
It’s hard to miss out on a cryptocurrency bull market, but what’s worse is watching your cryptocurrency assets soar and plummet before you can take any profits.Cointelegraph’s latest video explains how to build a cryptocurrency exit strategy in a few simple steps.Making a profit means turning your digital profits into real money. There are two main ways to cash out your cryptocurrency. Convert your assets to stablecoins and transfer them to a cryptocurrency wallet, or sell your cryptocurrencies for fiat and transfer the money to your bank account.Deciding when to sell, what cryptocurrency to sell, and how much to sell…
With the broader cryptocurrency market experiencing a significant surge today, investors are rushing to find tokens to invest in ahead of the expected bull market. With Solana-based meme coins showing significant results over the past few bull markets, the cryptocurrency community is now waiting for Solana’s next 100x project to be added to their portfolio. According to numerous industry analysts, this emerging Solana-based ICO has the potential to surpass major players in terms of revenue and become the ‘next PEPE’, Sealana ($SEAL). $SEAL’s impressive pre-sales have already reached $1 million in just a few weeks, and its goal is to…
index Web3 gaming is a promising driver of mainstream cryptocurrency adoption. But what is the current industry situation? Mike Ermolaev spoke with Jeff Zirlin, co-founder and growth leader at Sky Mavis, the company behind Axie Infinity and Ronin. In the interview, the blockchain gaming pioneer shared his insights into the industry and the role of Ronin, an Ethereum-connected sidechain, in shaping the future of gaming. This interview is part of the GoCrypto interview series presented by GoMining. “Blockchain technology has the potential to revolutionize the gaming industry by empowering players and creating new economic opportunities,” Zirlin begins. He explained that…
BitMEX Launches NOTUSDT Perpetual Swap In a recent announcement, leading cryptocurrency exchange BitMEX introduced a new listing called NOTUSDT perpetual swap, which is now available for trading. This new addition gives traders the opportunity to leverage up to 10x their positions, improving the potential for significant profits. NOTUSDT Listing Details NOTUSDT perpetual swap began trading on BitMEX at 04:00 UTC. Detailed contract specifications can be found on the exchange platform. Traders interested in learning more about the new NOTUSDT perpetual swap can visit the BitMEX blog for additional information. BitMEX’s continued efforts to enhance trading…
The concept of re-staking presents a groundbreaking way for people to leverage their staked cryptocurrencies across multiple protocols simultaneously. This not only increases reward potential, but also significantly improves the security and scalability of blockchain networks, benefiting the entire cryptocurrency ecosystem. Introduction to Re-staking It is a common occurrence in the rapidly developing world of blockchain technology (…)