Bitcoin traded in perfect negative correlation with PAXG, a sign of weak demand as a geopolitical hedge, according to one observer.
Author: Crypto Flexs
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Spot Bitcoin ETFs have been all the rage in the investment world recently. After approval last January U.S. Security and Exchange Commission (SEC), BlackRock’s IBIT has surged in popularity along with 10 other investment funds, breaking trading records set by other ETFs. The launch of the Spot Bitcoin (BTC) ETF signals the growing mainstream acceptance of cryptocurrencies, and Bitcoin in particular, as an asset class. These ETFs provide an easy way for both institutional and individual investors to gain exposure to these emerging assets. According to ReutersHong Kong regulators are expected to approve the Spot Bitcoin ETF as early as…
Uniswap has increased trading fees on the decentralized exchange by about 67%. The move follows potential legal action from the U.S. Securities and Exchange Commission (SEC) against DeFi protocols. According to information on the official website, users will have to pay a fee of 0.25% for most swaps, up from the previous fee rate of 0.15%. Uniswap raises fees as it prepares for legal battle Uniswap said this fee adjustment aims to ensure sustainable financing of its operations. Although fee-eligible transactions have increased, certain transactions are still fee-free, such as exchanging stablecoin pairs for the same underlying asset or wrapping…
introduction:As the cryptocurrency market matures and gains mainstream acceptance, security and protection issues for digital asset investments are becoming increasingly important to both individual and institutional investors. Although the technology behind cryptocurrencies is designed to provide a high level of built-in security, the rise in high-profile hacks and thefts shows that vulnerabilities still exist. As a result, further action is urgently needed to protect investments and ensure users can participate in the markets with confidence.Discover digital asset insurance, a new solution aimed at protecting your cryptocurrency assets in case of security breaches, theft, or other unexpected events. Insurance coverage for…
Original published date unchained.com.Unchained is Bitcoin Magazine’s Official US Co-Managing Partner and an essential sponsor of related content published through Bitcoin Magazine. Please visit our website to learn more about the services offered, our storage products, and the relationship between Unchained and Bitcoin Magazine. The term ‘Roth IRA’ isn’t often trending online, but in 2021, tech investor Peter Thiel made headlines by creating a $5 billion tax-free Roth IRA piggy bank. How did he do it? The answer is alternative investment. He has invested several times in early-stage technology companies using his self-directed IRA. Is it a loophole? if. But…
Market • April 14, 2024, 12:16 PM EDT Posted 1 minute ago In ~ Updated: April 14, 2024, 12:40 PM EDT Bitcoin BTC -4.59% The cryptocurrency’s dominance over all other cryptocurrencies hit a three-year high after the cryptocurrency recovered slightly from yesterday’s sharp sell-off triggered by news of an imminent Iranian attack on Israel. The Block’s GMCI 30 GM30 -5.27% The index recovered about 6% from yesterday’s low and saw a rapid sell-off following news of the Israeli attack. He said he interfered. Following the recovery, Bitcoin now accounts for about 53% of the cryptocurrency market, the highest since early…
Bitcoin is at a very interesting intersection in its humble journey. Bitcoin Layer 2 solutions are surging as we approach one of the Bitcoin halving milestones. Although Bitcoin Layer 2 solutions operate very differently than what we have seen from Ethereum Layer 2 solutions, the potential for these Layer 2 solutions is enormous and could unlock utility in Bitcoin that has always been considered missing. Stacks (STX) is one of the Bitcoin Layer 2 solutions that appears to be leading the category, with a lot of development happening around it. I often talk about them on my Twitter account. If…
According to cryptocurrency data collection company CoinGecko, more than 500,000 altcoins have already been created between January and early April this year. CoinGecko examined the number of cryptocurrencies from December 31, 2021 to April 11, 2024, using data from decentralized exchange (DEX) tracker GeckoTerminal. result show 2.52 million cryptocurrencies have been released to date, including ephemeral memecoins and dead projects. The current number of cryptocurrency assets is more than 5.7 times greater than the 440,000 that existed at the end of 2021. In the period from January 1 to April 11 this year, 540,000 new tokens were launched, which equates…
Ethena’s USDE, the cryptocurrency economy’s fifth-largest stablecoin by market capitalization, temporarily decoupled from its peg on Saturday amid falling markets. The tokens, designed to reflect the value of the U.S. dollar, fell to $0.965 each, according to the data. Likewise, the market saw the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin. (…)
The evolution of airdrops has reached the next level.Initially, cryptocurrency airdrops were a surprise gift of tokens to early adopters, who each received tens of thousands of dollars. However, over time, the perception that projects can release tokens via airdrops has led to an ongoing battle between projects trying to distribute tokens to real users and those trying to earn airdrops.The latest twist in this story is that the project is distributing some of its airdrops to popular communities, particularly those built around NFT projects. But why? Well, there could be a few reasons.The biggest thing is participation. NFT projects…