Retail investors flocking to the digital currency market are getting a lot of advice from social media cryptocurrency influencers. These self-proclaimed experts promise insights and recommendations, but new research suggests their remarks may be more episodic than substantive. Cryptocurrency Influencers: The Impact of Tweets A study conducted by a team from a leading university analyzed the impact tweets from over 180 cryptocurrency influencers had on follower behavior and token prices. The results paint a worrying picture. It turned out that the tweet triggered a short-term price increase, averaging almost 2% in the first two days, but these gains quickly disappeared.…
Author: Crypto Flexs
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OKX introduces P2P block trading OKX, a leader in the cryptocurrency market, recently peerThis is a P2P (-to-Peer) bulk trading service. This new feature provides a secure and efficient platform for high-volume cryptocurrency trading, allowing users to trade large volumes and worry less. What is OKX’s P2P bulk trading? An innovative service, OKX’s peer-to-peer block trading is designed to facilitate high-volume transactions of Bitcoin and other cryptocurrencies. We simplify the process of buying and selling large amounts of cryptocurrency, providing a platform for safe and effective trading. How does it work? Block transactions in the…
Warning: this post contains crazy ideas. Myself describing a crazy idea should NOT be construed as implying that (i) I am certain that the idea is correct/viable, (ii) I have an even >50% probability estimate that the idea is correct/viable, or that (iii) “Ethereum” endorses any of this in any way. One of the common questions that many in the crypto 2.0 space have about the concept of decentralized autonomous organizations is a simple one: what are DAOs good for? What fundamental advantage would an organization have from its management and operations being tied down to hard code on a…
A trader known for playing precise crypto currencies is suddenly bearish on memecoins. Pseudonym analyst DonAlt says The 550,400 followers of social media platform “I’m personally convinced that memes are dead. The rest of the market may get away with this, but I’m expecting the meme to turn into a giga rug pull. If your portfolio is on the 10th iteration of Dogs or Cats, good luck.” Analysts focused on specific memecoins. warn If Pepe (PEPE) fails to support the $0.00000998 level on the daily chart, it may plunge towards the low range. “PEPE: Decent breakout, technically bullish as long…
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…
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…