Bitcoin BTC -2.50% Exchange holdings fell to their lowest in weeks, indicating an increase in investors removing coins as part of long-term holding strategies.According to CryptoQuant data, the average amount of Bitcoin on major centralized exchanges remained around 2.04 million coins for most of December. However, there has been an outflow of over 33,000 bitcoins in the last 24 hours, leaving exchange reserves at a multi-week low of just over 2 million bitcoins. Coinbase alone saw more than 19,000 bitcoins leaked in the past 24 hours, according to CryptoQuant data. Bitcoin outflows from exchanges to cold storage are a trend…
Author: Crypto Flexs
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A competitor to smart contract platform Ethereum (ETH) is shifting its culture to focus on promoting tokens inspired by internet culture and humor. new presentation, Layer-1 blockchain Avalanche (AVAX) was launched last year to promote the Culture Catalyst initiative, which aims to support memecoins, gas tokens, non-fungible tokens (NFTs), stablecoins, and real-world assets (RWAs). He said he plans to start. And governance coin. “Last year, the Avalanche Foundation launched Culture Catalyst, a program aimed at empowering creators, sparking innovation, and driving blockchain adoption. This initiative seeks to better position Avalanche to foster and support the many new forms of creativity,…
Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of crypto.news editorial. Cryptocurrency derivatives enjoy widespread popularity among investors, especially institutional clients. In July 2023, trading volume on centralized exchanges reached $3.12 trillion, a 13% increase from the previous month. This means that derivatives account for 69% of total cryptocurrency trading volume, including spot market trading. However, despite the growth of cryptocurrency derivatives and the potential for institutional investor participation, regulatory complexity has created numerous challenges for market participants. Regulatory environment for cryptocurrency derivatives While traditional derivatives are…
We all have a lot to be thankful for this holiday season, from the first birthday of the beacon chain, to the successful upgrades over the past year and the incredible progress across the entire Ethereum ecosystem. As a highly productive year draws to a close, there are a few final gifts to deliver in the form of updates from many (15+!!) EF-supported teams that are always working to improve the network. And there’s a lot of substantive material here, so take some time to sort through the table of contents, and dig in! As always, this roundup series focuses…
XRP Whale On-chain data has revealed that the cryptocurrency asset has been witnessing massive whale activity over the past day, leaving investors and the cryptocurrency community pondering the reasons for such massive trading. Whale transfers 47 million XRP to cryptocurrency exchange according to the report Whale moved approximately 47 million XRP tokens to cryptocurrency exchanges. According to data from on-chain tracker Whale Alert, the funds were moved to the centralized exchange (CEX) via two separate transfers. The two whale transactions were made taking into account the token price decline. first transfer I saw Approximately 24,800,000 XRP tokens worth $15,463,840 will…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. The digital asset landscape was busy in December, with Helium (HNT), Injective (INJ), and Pullix (PLX) leading the gains. Let’s take a look at their performance and outlook for 2024. Helium rises as wireless plans gain momentum. Helium gained popularity by building a global network with no connectivity issues. The Helium network allows you to connect anything to the Internet quickly and inexpensively. In December, the project went one step further. Helium launched a nationwide unlimited plan in the…
BlackRock updated its filings with the Securities and Exchange Commission on Friday, approving Jane Street Capital and JP Morgan Securities LLC for a proposed spot Bitcoin ETF in what could be the asset manager’s final push to gain regulator approval. designated as a qualified participant.James Seyffart, Bloomberg Intelligence ETF research analyst, said Jane Street was expected on X. answer To submit. JPMorgan does not, and this move is widely known in the cryptocurrency world. “JP Morgan – it’s pretty fun, we’re one step closer to launch in the next few weeks,” Seyffart said.JPMorgan CEO Jamie Dimon has been notorious for…
reporter Posted on: December 30, 2023 The whales have started collecting LINK over the past few weeks. The price of LINK fell as on-chain indicators were observed to decline. New data from Lookonchain has revealed significant accumulation activity by large addresses in the Chainlink (LINK) ecosystem. The prominent whale has begun a significant accumulation phase, withdrawing 417,834 LINK from Binance over the past two days. Specifically, this whale previously acquired 641,386 LINKs at an average price of $7.4 and later sold them at an average price of $15.1, generating approximately $4.9 million in profit. Whale interest in LINK grows The…
October 18th Notice to Bitfinex Customers – UK Financial Promotions Posting time: 07:30h announcement Maria Lobusova On 7 June 2023, the Financial Conduct Authority published the Financial Promotion Amendment Order 2023, which extends the scope of the UK Financial Conduct Authority to include cryptocurrency assets. These rules apply to all financial promotions affecting the UK. Therefore, overseas companies do not need to actively advertise to UK-based consumers to be within their scope if the channels they utilize are accessible in the UK. As part of Bitfinex’s commitment to operating in compliance with applicable laws and regulations, persons residing in the…
In a strategic market move, Nvidia has unveiled the RTX 4090D, a slightly less powerful version of its high-performance RTX 4090 GPU, especially for the Chinese market. The move is a direct response to U.S. government efforts to hurt China’s technology market by restricting exports of high-tech goods and services from U.S. suppliers amid heightened geopolitical tensions.What’s the point of the new regulations? A desire to thwart China’s efforts to gain an edge in artificial intelligence technology.The recently unveiled RTX 4090D features 14,592 CUDA processing cores compared to 16,384 in the standard RTX 4090. It also has slightly lower power…