Altcoins, which are essentially any cryptocurrency that is not Bitcoin, have been seeing some interesting trends recently. Here’s a look at what’s happening in the altcoin world and what experts think will happen next.Altcoin market statusAltcoins are gaining traction, especially after the 2021 bull run that saw Ethereum, Cardano, and other altcoins hit record highs. Since then, the market has experienced some ups and downs, but many believe we are headed for another wave of growth.What influences altcoin trends?Wide adoption: Altcoins are used for more than just transactions. Ethereum’s smart contracts and DeFi ecosystem, Cardano’s sustainable blockchain model, and Solana’s…
Author: Crypto Flexs
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Cobra, the pseudonymous owner of the Bitcoin.org domain, has expressed concerns about future actions by the U.S. government regarding Bitcoin ownership. He anticipates the possibility of banning self-storage of Bitcoin, even in cases where its application and enforcement may be impractical. Bitcoin.org owner Cobra: Bitcoin’s self-custody in the US could be at risk.
Binance founder Changpeng Zhao appears to be eyeing investments in AI-focused data centers as part of his exploration of new investment opportunities. Former Binance President Changpeng Zhao (CZ) has held multiple discussions with OpenAI CEO Sam Altman despite facing a possible three-year prison sentence for allowing various money laundering schemes on his exchange, The New York Times. It is known that He learned this by quoting people familiar with the matter. Details about Zhao and Altman’s conversation remain sparse, with sources only saying that the former Binance representative is particularly interested in artificial intelligence. According to the report, Zhao first…
“We recognize the intrinsic value of technologies such as artificial intelligence, virtual reality and robotics, but we believe that blockchain can serve as a trust layer for the convergence of all these technologies, building on each other to form the framework of the future. Digital economy,” the manifesto reads.
Funding • April 30, 2024 1:22 AM EDT Posted 1 minute ago In ~ The U.S. spot Bitcoin exchange-traded fund saw a net outflow of more than $51.5 million yesterday.Especially grayscale bitcoin BTC +2.24% Trust wasn’t the biggest factor. The ARK 21Shares Bitcoin ETF saw $31.34 million exit the product on April 29, while GBTC recorded a net outflow of $24.66 million. Data from SoSoValue. The Fidelity Wise Origin Bitcoin fund also recorded a net outflow of $6.85 million.Some US spot Bitcoin ETFs saw net inflows. Bitwise Bitcoin ETF gained the most with net inflows of $6.84 million, followed by…
Toncoin (TON) price is falling due to correction fears and is expected to begin a recovery soon. This is possible if TON holders make the most of this opportunity and try to add more TON to their wallets. Toncoin Could Witness Recovery Toncoin price was expected to rebound last week, but the price changed rapidly as it left the downward channel. TON fell but held around $5.2 and $5.4, which represents resistance levels. This is likely to be changed by the investor if he or she decides to add more TON to his or her holdings. Altcoins are heating up…
With Ethereum (ETH) showing “serious strength” on the charts, a widely respected cryptocurrency strategist says the leading smart contract platform is likely to see a big rally. Bluntz, a household name analyst and trader, tells his 257,000 followers on social media platform “ETH and even ETH/BTC are showing some serious bullish momentum today.” source: Blunts/X Bluntz is known as a practitioner of Elliot wave theory, an approach to technical analysis that says corrections often occur in three parts, or “ABC” waves. According to his chart, Bluntz is suggesting that Ethereum completed a three-wave correction when it reached $2,800 and is…
A spot cryptocurrency exchange-traded fund launched on the Hong Kong stock market has opened the door for a future wave of Chinese investors, according to industry experts. The launch of spot Bitcoin and Ethereum ETFs on Tuesday “opens the door for many yuan holders” seeking alternative investments, China Asset Management CEO Yimei Li said in an interview with Bloomberg TV. .China Asset Management is one of three ETF issuers, including Harvest Global Investments and Bosera Asset Management, that launched cryptocurrency products on the Hong Kong Stock Exchange on April 30. Mr. Li told Bloomberg TV that he hoped there would…
Share this article Hong Kong-listed spot Bitcoin and Ethereum exchange-traded funds (ETFs) are set to debut in the coming minutes. Anticipating the launch, Zhu Haokang, director of digital asset management and family wealth at China Asset Management, expressed confidence that the launch scale of Hong Kong’s virtual asset spot ETF will exceed the initial size of $125 million in the United States. .“We are confident that the initial listing size (more than $125 million) of the Hong Kong virtual asset spot ETF can exceed the US first-day issuance size,” Haokang said at a press briefing.Haokang confirmed that mainland Chinese investors…
Newly released court filings have shed light on the belief of the U.S. Securities and Exchange Commission (SEC) and its Chairman, Gary Gensler, that Ethereum (ETH) is an “unregistered security” under what the majority considers the Howey Test. Cryptocurrency advocates say this would be an outdated legal framework for regulating crypto assets. According to a recent Fox Business report: reportThe details emerged after Ethereum software company ConsenSys filed an unredacted complaint with the SEC. Is Ethereum an ‘unregistered security’? According to court filings, SEC Chairman Gensler and the agency appear to have maintained for at least a year the belief…