Luisa Crawford Sep 16, 2024 16:07 Explore the critical differences between Ethereum ETPs and ETFs, their implications for the crypto industry, and the broader financial market. Following the listing of Bitcoin exchange traded products (ETPs) earlier this year, U.S. stock exchanges made available ETPs based on Ether, the asset native to the Ethereum blockchain, for the first time on July 23. Investors can now buy, sell, and invest in shares of products that hold Ether (ETH) on markets such as NASDAQ and the New York Stock Exchange. The significance of this development cannot…
Author: Crypto Flexs
Read More
Residents of Stokmarknes, a town in northern Norway, have been trying to wipe out their community. Bitcoin Bitcoin -4.34% A mining facility was closed for three years after complaints about noise from its cooling fans.According to local news agency NRK, on Friday they celebrated the closure of the site managed by KryptoVault. The municipality of Hadsel, which includes the town, initially approved the facility but failed to renew the permit after the company’s temporary permit expired. KryptoVault is reported to have gone bankrupt in September 2023, but the Stokmarknes site remained in operation until it was shut down last week.”It’s…
Ted Hisokawa 16 Sep 2024 14:12 The BNB Chain’s Most Valuable Builder (MVB) program is back for Season 8. The goal of the program is to accelerate Web3 innovation through enhanced support and resources. The BNB Chain’s Most Valuable Builder (MVB) program has officially launched its 8th season, with the goal of further accelerating innovation within the Web3 ecosystem. According to the BNB Chain Blog, the program is designed to support early-stage developers and projects with resources, mentorship, and growth opportunities.Program Details and ApplicationApplications for MVB Season 8 are now open, with the deadline…
Despite the overall cryptocurrency market downturn on Monday, UXLINK’s native token has surged 102% this week after Binance announced it would list UXLINK on its futures trading platform. Key ContentsThe UXLINK token has seen its weekly price increase extend to 102%, fueled by Binance’s announcement that it will list the token on its futures trading platform.Open interest (OI) in UXLINK futures contracts reached $47 million.UXLINK recorded $895 million in derivatives volume on Monday. While the overall cryptocurrency market was down on Monday, the native token of the Web3 social platform UXLINK extended its weekly price gains by 102%. This surge…
Exodus Movement (ticker: EXOD), a publicly traded fiat-to-cryptocurrency services company, is partnering with blockchain hardware manufacturer Ledger to launch a new cryptocurrency swap aggregator, the two companies announced in a press release Tuesday.The XO Swap feature is integrated into the Ledger Live application, facilitating connections with third-party exchange API providers, enabling swaps between thousands of cryptocurrency pairs directly from users’ self-custody wallets.Ledger, one of the largest hardware wallet providers, is increasingly embracing the multi-chain cryptocurrency industry and building services to reduce the decentralization of individual blockchains. “This integration prioritizes user control and security, differentiating it from centralized trading platforms,” the…
Venture capitalist Chris Burniske is reaffirming his stance on one of the leading altcoins for this crypto market cycle. Burnieski said he is still buying Celestia (TIA) tokens on social media platform X and is expecting a huge recovery despite the 77% drop from its all-time high. The investor also said fears surrounding a mass token unlock for TIA next month are likely overblown. “While I still miss TIA, the haters are spinelessly flocking to the downtrend. When Celestia recovers, I won’t be the one to think, ‘Instead of booing, I could have bought TIA for under $5…’ Everyone and…
Timothy Morano September 16, 2024 11:23 Binance has announced that it will add NEIRO, TURBO, and 1MBABYDOGE to Binance’s cryptocurrency earning, purchasing, converting, and margining services starting September 16, 2024. Leading cryptocurrency exchange Binance has announced the addition of three new tokens to its platforms: First Neiro on Ethereum (NEIRO), Turbo (TURBO), and Baby Doge Coin (1MBABYDOGE). According to Binance, these tokens will be available on Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, and Binance Auto-Invest. earn Starting from September 17, 2024 10:00 UTC, users will be able to purchase NEIRO, TURBO,…
Jack Anderson September 16, 2024 11:40 Binance Futures expands trading options by launching CATIUSDT and HMSTRUSDT futures contracts with up to 75x leverage. According to Binance, Binance Futures has announced the launch of two new USDⓈ margined perpetual futures contracts, CATIUSDT and HMSTRUSDT, with leverage options of up to 75x. Release Details The CATIUSDT perpetual contract will open for trading on September 20, 2024 at 10:30 UTC. The HMSTRUSDT perpetual contract will open for trading on September 26, 2024 at 12:30 UTC. Both contracts allow traders to utilize up to 75x leverage. Contract specifications…
Bitcoin (BTC) begins an important macro week with a fierce battle towards support at $60,000.After a weekly close, BTC price action remains a major area of interest for bullish investors.The price indicators show the extent of the need to reclaim $60,000. If the resistance and support lines flip here, the setup on the daily and weekly charts will improve.This week, the U.S. Federal Reserve took the lead by deciding how much it will cut interest rates for the first time in four years. The market is confident that will happen, but last-minute uncertainty is increasing expectations that the Fed’s moves…
Cryptocurrency analysts suggest that Lido (LDO) could rise to $8.8, $16.6, and even $36.9. Despite the downtrend, key indicators indicate a potential change in LDO market direction. Lido (LDO) has been in a downtrend over the past year, down 35% since the beginning of the year. This bearish momentum has been more short-lived, with LDO down 3.3% over the past 24 hours, falling below the key psychological level of $1. Currently, LDO is trading at $0.9919, down significantly from its 24-hour high of $1.03. Despite this continued bearish performance, some analysts believe a potential reversal is looming. Lido, on the…