The S&P 500 Index (SPX) and Nasdaq Composite Index hit record highs after the U.S. consumer inflation report showed weaker-than-expected results. This triggered a rally in Bitcoin (BTC), pushing the price above $66,000. The further Bitcoin moves away from $60,000, the less likely a collapse becomes. However, this does not guarantee the start of a new upward trend. Galaxy Digital founder and CEO Mike Novogratz said during the company’s first quarter earnings call that Bitcoin is likely to consolidate between $55,000 and $75,000 before moving higher later this quarter.The failure of the bears to get Bitcoin below $60,000 appears to…
Author: Crypto Flexs
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The Swiss Federal Council’s proposal to include cryptocurrency assets in the Automatic Information Exchange (AEOI) system demonstrates the country’s commitment to cryptocurrency tax compliance and transparency. The Swiss government is preparing a tax policy for cryptocurrencies. On May 15, 2024, the Federal Council declared that it would conduct a consultation process for the Automatic Exchange of Information (AEOI) on cryptocurrency assets. This decision will allow Switzerland to cooperate more internationally with other countries in efforts to tackle digital tax evasion. AEOI previously focused on financial accounts. In modern times, there are more and more ways to evade taxes. This issue…
In a notable development in the blockchain industry, TRON DAO announced that Google Cloud has joined its list of super representative candidates. This collaboration aims to strengthen blockchain governance and provide advanced analytics capabilities to developers within the TRON ecosystem. Google Cloud’s entry as a Super Representative candidate builds on existing collaboration between the two companies. TRON data was previously available in BigQuery, Google’s serverless data warehouse, enhancing developers’ analytics capabilities. This partnership is expected to further streamline transaction processing and block production on the TRON network. Including Google Cloud brings several benefits to the TRON ecosystem. The advanced analytics…
The U.S. spot Bitcoin exchange-traded fund (ETF) recorded a total daily net inflow of $302.97 million on Wednesday, the highest since May 3.According to SoSoValue, Fidelity’s FBTC led the inflows with $131 million in daily inflows, followed by the Bitwise fund’s $86 million. data. Ark Invest and 21Shares’ ARKB recorded $39 million, while Valkyrie, VanEck, Franklin Templeton, WisdomTree and Bitcoin ETFs managed by Invesco and Galaxy Digital reported single-digit net inflows.Meanwhile, Grayscale’s GBTC, the largest spot Bitcoin fund by net asset value, recorded its third net inflow yesterday, bringing in $27 million. The second largest, BlackRock, had zero flows.“The large…
Thank you for your time. I tried to send funds to another wallet but accidentally sent them to mycelium wallet. Is there any way to retrieve my coins? I have the seed word and key in my hands. thank you
Peaq, a layer 1 blockchain, has joined the Mastercard Start Path program. A representative of peaq, a Layer 1 blockchain for Decentralized Physical Infrastructure Network (DePIN) and Machine Real Assets (RWA), told crypto.news that the payments giant’s program supports a variety of promising advanced-stage projects in fintech and web3. He said it was designed to do so. Perpendicular. With the help of Mastercard, peaq will explore many promising implementations connecting the DePIN sector with the worlds of traditional finance (tradfi) and fintech. The program also helps projects expand their ecosystem with new opportunities such as securing strategic partnerships, building communities,…
Game-centric blockchain network oasis aims to grow the cryptocurrency gaming space in Japan through a new partnership with Daum. SBINFT Market, NFT It is a marketplace operated by a subsidiary of the Tokyo-based Japanese financial conglomerate SBI Group.Oasys, a chain that has garnered interest from traditional video game giants such as Ubisoft, Bandai Namco, and Sega, is making a concerted effort to grow the burgeoning blockchain gaming market in Japan.The SBINFT marketplace now supports assets from Oasys’ Hub-Layer (Layer-1) and MCH Verse (Layer-2) blockchains, in addition to its initial integration with Oasys’ HOME Verse. This will allow developers based on…
dYdX introduces isolated markets and isolated margins.Decentralized trading platform dYdX plans to launch isolated markets and isolated margins. This upgrade is part of the upcoming release 5.0 of the dYdX Trading v4 open source software suite and is expected to take effect in the coming weeks.Advantages of Isolated MarketsIsolated markets have separate collateral pools and self-insured funds, unlike current cross-margin markets. This arrangement allows each market to have unique risk properties, allowing the protocol to safely support a wider range of market types.The introduction of isolated markets will significantly expand the number of markets available…
eggmaximum 1 million new cryptocurrency token It was created last month. this ratio ~ Of growth far exceed nothing seen before industry. there is doubt About Usefulness and quality new project. As a niche product, cryptocurrencies have long suffered from an image of breeding fraud, illicit financing, and excessive speculation. But despite these challenges, the industry has defied skepticism and grown into a trillion-dollar market in just 15 years. With traditional finance cautiously embracing digital assets, the path to mainstream adoption and further growth appears clear. Demonstrating the industry’s remarkable growth trajectory, the number of new cryptocurrency tokens launched in…
A report by Glassnode, a company known for collecting and analyzing data directly from blockchain networks, showed that Bitcoin and Ethereum delivered different results during 2023-24. The study highlights that while Bitcoin has successfully maintained its market dominance, traders have overlooked Ethereum and price movements are slow. According to Glassnode, there is a direct difference in the performance of the best cryptocurrencies. While Bitcoin performed well and survived the halving event, Ethereum struggled to keep up. The report identified a significant difference in sentiment between long-term Bitcoin holders and short-term Ethereum holders. This difference in Ethereum market activity is part…