Russia will not impose a blanket ban on cryptocurrency trading within the country, as some reports have claimed. These are the words of Anton Gorelkin, Deputy Chairman of the State Duma Committee on Information Policy, Information Technology and Communications. A lawmaker said reports that Russia is considering a total ban on cryptocurrency trading amid geopolitical tensions are not true. Previous reports mentioned Russia’s new legislation to regulate the cryptocurrency ecosystem while promoting digital financial systems and the ruble. No ban on cryptocurrency turnover On Monday, Anton Gorelkin, deputy chairman of the State Duma Committee on Information Policy, Information Technology and…
Author: Crypto Flexs
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In a surprising move, Circle’s USD Coin (USDC) has overtaken Tether’s (USDT) as the world’s largest stablecoin in stablecoin trading.USDC recorded 166.6 million transactions in April 2024, surpassing USDT’s 163.6 million monthly transactions, according to an on-chain analysis by payments giant Visa.Total number of stablecoin transactions per month. source: VisaUSDC has been eating into stablecoin trading market share since late 202. According to Visa, USDC’s 145 million monthly transactions in December 2023 overtook USDT’s 127 million transactions for the first time.Considering that Tether is the world’s largest stablecoin, with a market capitalization of over $110 billion and accounting for over…
As Ethereum’s price volatility continues, technical indicators on the 1-hour, 4-hour and daily charts suggest a bearish outlook with mixed trading signals. Despite some optimistic undercurrents, the prevailing sentiment remains cautious. Ethereum Ethereum (ETH) price action is a series of lower highs and lows on the 1-hour chart.
middleeme Coin and NFTs have been relevant for a long time and now is the time for cryptocurrency investors to focus on DePin and RWA projects like ETFSwap (ETFS). Over the past three years, meme coins and non-fungible tokens (NFTs) have been one of the major stories in the cryptocurrency space. Thanks to the hype around these meme coins and NFTs, cryptocurrency investors have seen huge returns on their investments. However, there is a change in the trend that the time has come to move away from these meme coins and NFT projects and focus on new narratives like RWA…
Tron blockchain founder Justin Sun said the U.S. Securities and Exchange Commission (SEC) will not approve an Ethereum exchange-traded fund (ETF) in May.on April 28th post On“My honest opinion (NFA) is that the Ethereum ETF will not be approved in May. The cryptocurrency industry still needs to work with regulators to prepare for long-term education focused on improving understanding of cryptocurrencies,” Sun said.Sun’s stance echoes the sentiments of numerous market analysts who expect the SEC to reject the pending Ethereum ETF application.For example, Bloomberg ETF analyst Eric Balchunas puts a 25% chance that the SEC will approve a spot Ethereum…
Cardano (ADA) is falling below the $0.500 resistance zone. If ADA stays below the 100 SMA (H4), it may gain bearish momentum and move lower. ADA price is slowly moving lower in the $0.520 area. The price is trading below $0.500 and the 100 simple moving average (4-hours). On the 4-hours chart of the ADA/USD pair, there is a major bearish trendline forming with resistance at $0.4740 (data source from Kraken). If the bulls remain active above the $0.4280 support, the pair could attempt a fresh increase. Cardano Price Faces Major Hurdle Over the past few days, Cardano has seen…
bitcoin BTC -2.56% Despite a brief surge in profits as rune-etching and hash rates remained relatively high, so-called hash prices fell to record lows following Bitcoin’s fourth halving on April 20.Hash price is a term coined by Luxor, a Bitcoin mining service company, to represent the expected value of hash power of 1 PH/s or 1 TH/s per day. This metric quantifies how much profit a miner can make from a specific hashrate quantity.According to data from Hashrate Index, hash prices today hit $50 per PH/s per day for the first time in history, with the price of Bitcoin falling…
Phoenix Wallet and Wasabi Wallet are discontinuing service to customers in the United States (US). Companies offering both services have expressed concerns about the legitimacy of self-custodial wallet service providers as financial services businesses. The move follows regulatory action by US authorities against MetaMask’s parent company, Consensys, and Bitcoin mixer Samourai Wallet. Last Friday, Phoenix developer ACINQ express Concerns about recent actions by US authorities. The move has raised questions about whether self-custodial wallet providers, Bitcoin Lightning Network (LN) service providers, and even Lightning nodes could be classified as money services businesses and therefore subject to regulation. ACINQ acknowledged that…
Best cryptocurrency games + NFT rentals. This is one of my favorite combinations, especially if you can get up to $1,000. This game is one of the best web3 shooters out there and even more exciting because you can rent NFTs to play it for a fraction of the price of the asset. Sometimes it’s even free. We will tell you the exact details about the IQ Protocol. #1: Civil Conflict But first, let me give you an update on the civil conflict. There has been a lot of development and updates. For example, the game is now in V4.…
Recently, there has been increased concern about memecoins harming the cryptocurrency sector. Solana co-founder Raj Gokal responds with a playful jab. However, Solana’s reaction to Gokal comes with a twist. Despite its admitted lack of further usefulness, Memecoin has emerged as one of the best-performing subsectors of the cryptocurrency industry in recent times. ‘For memes.’ The asset class confidently outperformed the leading tokens in terms of performance, comfortably posting gains of over 10x and enticing investors to participate in hopes of quick profits. As Memecoin gained traction, many industry leaders have expressed concerns about the asset class’s impact on the…