Bitcoin BTC +2.40% Ethereum prices rose in Asia on Monday afternoon after Hong Kong gave preliminary approval to an application for a local spot cryptocurrency exchange-traded fund. According to the Hong Kong market, over the past 24 hours as of 4:15 p.m., the price of Bitcoin rose 2.8% to $66,425, and Ethereum rose 5.2% to $3,252. This is The Block’s price page.The two largest cryptocurrencies and most other tokens recovered following Iranian drone attacks on Israel sparked a massive sell-off in crypto assets over the weekend. Bitcoin briefly fell below $62,000, and Ethereum also momentarily fell below $3,000.Meanwhile, the GMCI…
Author: Crypto Flexs
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A cryptocurrency strategist who follows closely believes Bitcoin (BTC) is positioned to surge to all-time highs after falling to around $60,000 last week. Cryptocurrency analyst Kaleo told his 634,700 followers on social media platform At the time, the market expected approval of a spot BTC exchange-traded fund (ETF). According to the trader, he believes Bitcoin will set a new record around the halving, when BTC miners’ rewards will be cut in half. However, he predicts that BTC will see a major correction before triggering a steep uptrend following the rally. “Of the price structure comparisons I am looking at right…
Quantum Cats is a collection of 3333 Ordinals Inscriptions that evolve over time, to reveal different artwork. This is the first ever collection of Inscriptions that will evolve over time, and was created in a time of high fees and an unpredictable future fee market. This is not an article about the aesthetic virtues of the artwork (I think they look cool) or reasons to participate in the market for them; this is an article about the technical implementation of Quantum Cats. I think the engineering challenges we faced and the techniques we implemented to meet those challenges are interesting…
HashKey and Bosera International have received conditional approval from Hong Kong regulators for two spot cryptocurrency ETFs, marking a significant moment for Asian investors. HashKey Capital and Bosera International have received conditional approval from Hong Kong’s Securities and Futures Commission (SFC) to offer spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the region. HashKey said in an April 15 blog announcement that the ETF “bridges the gap for traditional institutions to invest in virtual assets,” and that the move would “significantly expand” mainstream and retail investors’ exposure to cryptocurrencies. He added that it would be so. “We are truly grateful…
After two months of additional work since Serenity’s first Python proof-of-concept release, we are excited to announce Serenity PoC2. Now Available. Although the release is far from a testnet-ready client, and much less a production-ready client, PoC2 brings a number of important improvements. Above all, the goal of PoC2 was to implement a complete protocol, including the basic corner cases (bet and deposit cuts), to understand all the details of the protocol and ensure that it actually works in any case. In a very limited testing environment. This goal has been achieved. PoC1 includes only the bare minimum features required…
In the ever-expanding world of cryptocurrency, Dogwifhat (WIF) stands out as a prominent player alongside Shiba Budz (BUDZ) and Bonk (BONK). As investors delve deeper into the realm of dogcoins and explore their potential and utility, these three tokens have emerged as frontrunners in the race for dominance. Let’s take a closer look at each dog-themed cryptocurrency, examining its unique characteristics and market dynamics. Dogwifhat Exploration (WIF) Dogwifhat (WIF) has garnered attention for its innovative approach to decentralized finance (DeFi) and its active community of supporters. Focused on social trading and governance, Dogwifhat (WIF) provides users with a platform to…
Taxes • April 15, 2024 1:38 AM EDT Posted 1 minute ago In ~ USA revenue “We expect to see a lot more tax evasion crimes involving cryptocurrencies this year,” Guy Ficco, head of crimefighting, told CNBC at the Chainalytic Links event. The IRS investigation director said: CNBC On Saturday, he revealed that more “pure cryptocurrency tax crimes” had been discovered. Previously, illegal use of cryptocurrencies was mainly associated with larger frauds such as fraud and embezzlement. “This may lead to not reporting income generated purely from cryptocurrency sales, and may hide the true basis of the cryptocurrency,” Ficco said.…
The price of XRP has fallen by more than 11% in the last 24 hours. Several market indicators suggested that the bearish trend may be changing. After the market crash, Ripple (XRP) Prices are witnessing a correction and are yet to show any signs of recovery. The worst is yet to come as the token fails to test its long-term bullish pattern, implying further price declines. XRP has hurdles to cross According to CoinMarketCap, the token price has fallen by more than 18% over the past 7 days. In the last 24 hours alone, registered tokens have seen double-digit declines,…
In its latest legal action, Coinbase filed a brief in the Southern District of New York seeking permission to appeal the U.S. Securities and Exchange Commission’s broad interpretation of what constitutes an “investment contract” in digital asset trading. This pivotal event could set an important precedent for the cryptocurrency industry (…)
The explosive growth of cryptocurrencies in 2024 means it will be a record year for token creation, largely driven by the meme coin craze. In 2024, 5,300 new tokens will be released every day. CoinGecko appeared first on Crypto Briefing.