Bitcoin (BTC) price could continue its upward trend and triple its market capitalization to over $260,000, according to Juyoung Ki, founder and CEO of CryptoQuant, an on-chain and market analysis firm.Youngju Joo explained in a post onYoungjoo Joo referred to a chart comparing the price of BTC and its associated hash rate to market cap ratio, highlighting the cryptocurrency’s continued volatility and the resilience of the Bitcoin network. The chart shows that Bitcoin’s hash rate to market capitalization ratio has increased significantly in 2024, suggesting that market activity and investor interest are likely to increase. Hash rate to market capitalization…
Author: Crypto Flexs
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Milan, Italy, May 7, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian soccer team AC Milan announced a new partnership this week. Announcement of TG.Casino In a May 6 tweet, X’s @TGCasino_ account Posted: TG Casino is proud to officially announce our new partnership with AC Milan as our European iGaming Partner. Players at TG Casino will soon be able to win AC Milan experiences and merchandise with money they can’t buy!’ The acmilan.com website posted a press release the same day. ‘AC Milan and TG.Casino are delighted to announce a new partnership that will see the online casino…
Gronkowski, Oladipo and Cassill pay $2.4 million in Voyager lawsuit. The agreement highlights regulatory issues and investor protection concerns. In a surprising intersection of sports and finance, retired football star Rob Gronkowski, NBA player Victor Oladipo and NASCAR driver Landon Cassill find themselves at the center of a legal settlement. The case involves allegations related to the promotion of failed cryptocurrency exchange Voyager Digital Holdings Inc. Who should we blame? According to court documents, the three jointly agreed to pay $2.4 million to settle the claims, with Gronkowski taking the lion’s share of $1.9 million. The statement added: “All settlement…
Analytics firm Santiment reports that Cardano (ADA) currently presents slightly better buying opportunities than other top coins. Cardano May Show Good Buying Opportunity According to RSI new post In X, Santiment discussed how the top assets in the cryptocurrency sector have performed in relation to their Relative Strength Index (RSI). RSI here refers to a technical analysis (TA) indicator that tracks the speed and magnitude of recent changes in the price of a specific commodity. This momentum oscillator is commonly used to determine whether an asset is currently overvalued or undervalued. The indicator displays values on a scale from 0…
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According to documents recently submitted to the court, the U.S. Securities and Exchange Commission (SEC) is opposing Ripple’s claim that it should pay less fines.SEC says Ripple Must pay approximately $2 billion in fines for sales XRP -1.77% To institutional investors. In a counter-motion filed last month, Ripple argued that the figure should be: 10 million dollars. The SEC noted that the proposed fine was large, but said that Ripple’s proposed fine would be a “slap on the wrist.” filing Posted on Tuesday.“Rather, it would encourage other cryptocurrency issuers to violate Section 5 by engaging in eminently lucrative endeavors, thereby…
Nodes for sale: This is the latest innovation in the blockchain industry, not about technology but about how to raise cash from investors. “node sale” It involves selling blockchain nodes directly to investors, a process that ostensibly gives projects an easy path to decentralization while also bringing in quick cash. It’s still a relatively new phenomenon in fast-moving cryptocurrencies, but it’s becoming more and more common. It is becoming common. will takeDistributed GPU cloud infrastructure provider, released last week It is said to have distributed over 73,000 node licenses worth over 41,000 ETH ($126 million). Other blockchain projects raising funds…
On May 2, 2024, Whale Alert reported that Shiba Inu (SHIB) whales could potentially convert their investment boat into the Ethereum token ETFSwap (ETFS), with over 1.75 trillion SHIB worth $39.2 million. Unusual movement of tokens was recorded. This massive movement of Shiba Inu (SHIB) tokens has sparked mixed reactions in the cryptocurrency community as investors speculate that this massive movement could be a means of bulk buying the most popular token on the Ethereum network. Before transferring 1.75 trillion tokens, this Shiba Inu (SHIB) whale moved over 3 trillion SHIB. According to on-chain data, SHIB whales hold more than…
Tether Operations Limited, a prominent stablecoin player in the digital asset industry, announced a further investment in CityPay.io. This strategic partnership aims to accelerate cryptocurrency adoption and bring cutting-edge technology to the region. CityPay.io, a leading payment processing company, currently operates from more than 600 locations in Georgia. Tether’s initial investment in 2023 marked a significant milestone in that it became the first stablecoin to invest in CityPay.io. Building on this success, Tether recently invested funds to further solidify the collaboration. Tether’s collaboration with CityPay.io aims to provide customers and businesses with a seamless payment…
Nigeria’s federal government has refuted Binance CEO Richard Teng’s claims, accusing authorities of demanding “substantial payments” to resolve the ongoing dispute. In an official statement on May 8, Rabiu Ibrahim, Special Adviser to the Ministry of Information and State Orientation, said that the “phantom bribery claims” made by Binance and its CEO were made with the intention of undermining criminal prosecution through a media campaign. “Binance CEO Richard Teng made false claims of bribery against unidentified Nigerian government officials who demanded cryptocurrency payments to resolve an ongoing criminal investigation against the company. This claim from the Binance CEO lacks any…