BNB price is attempting a new rise in the $545 range. A break above the $585 and $590 resistance levels could see the price gain bullish momentum. BNB price started a new rise after finding support near $545. The price is currently trading above $560 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair, there is a major contraction triangle with resistance forming near $585 (data source from Binance). A break above the $590 resistance area could trigger a new rally. BNB price surges eye-fresh BNB price was revised downward from $620 and then…
Author: Crypto Flexs
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Flow to this week’s U.S. integrated spot bitcoin BTC -0.25% Exchange traded funds (ETFs) turned positive on Wednesday, surpassing the net outflows witnessed on Monday.Net inflows worth $113.5 million on Wednesday, following $40.3 million added on Tuesday, were enough to surpass the $87.5 million net outflows registered on Monday, according to CoinGlass data.Fidelity’s FBTC spot Bitcoin ETF led yesterday’s inflows, adding $116.7 million, while BlackRock’s usually dominant IBIT fund came in second with $42 million. Bitwise’s BITB product came in third with $23 million in inflows Wednesday, with the remaining ETFs adding less than $4 million each. Total net inflows…
Fantom founder Andre Cronje has expressed concerns about the sustainability of the USDe stablecoin, sparking fears of a Terra-like collapse. As the cryptocurrency industry continues to evolve, the specter of past failures looms larger for new projects. The latest in a series of concerns comes from Andre Cronje, the man behind blockchain platform Fantom. Cronje raised a red flag regarding the sustainability of Ethena Labs’ new USDe stablecoin, pointing out similarities with the infamous Terra (LUNA) collapse. Cronje’s main focus is on funding rates in perpetual futures contracts, a mechanism that can reflect market sentiment regarding the stability and sustainability…
BNB price is attempting a new rise in the $545 range. A break above the $585 and $590 resistance levels could see the price gain bullish momentum. BNB price started a new rise after finding support near $545. The price is currently trading above $560 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair, there is a major contraction triangle with resistance forming near $585 (data source from Binance). A break above the $590 resistance area could trigger a new rally. BNB price surges eye-fresh BNB price was revised downward from $620 and then…
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The following is an excerpt from the latest edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be the first to get these insights and other on-chain Bitcoin market analysis delivered to your inbox, Subscribe now. With Bitcoin’s next halving scheduled for this month, miners are using their record profits to adapt their business models to the disruptive opportunity.Halving is almost here. As the entire Bitcoin world waits with bated breath for mining rewards to be halved, the potential for new revenue streams has left many wondering how the Bitcoin space will react to new market conditions. Past…
While big Bitcoin miners including RIOT Platforms and Marathon Digital will experience declining production in 2024, CleanSpark is seeing growth. As Bitcoin’s fourth halving approaches, Bitcoin mining giants are grappling with declining production as the market becomes more competitive and fees drop. According to recent findings from CryptoQuant’s research report, the largest cryptocurrency mining companies such as RIOT Platforms, Core Scientific, Bitfarms, and Marathon Digital have all seen sluggish BTC production in 2024. This decline is due to a combination of factors, including lower transaction fees on the Bitcoin network, increased network hash rate, and some operational outages. At the…
Last year, Bitcoin Ordinals took the digital collectibles world by storm and have now caught the attention of financial mogul Franklin Templeton. Today, the digital asset division of the global investment company introduced an ordinal inscription in its new prospectus.“The past year has seen a renaissance in Bitcoin innovation and development activity,” Franklin Templeton Digital Assets wrote. “The positive momentum of innovation is primarily driven by Bitcoin NFTs known as Ordinals, new fungible token launches such as BRC-20 and Runes, Bitcoin Layer 2, and other Bitcoin DeFi fundamentals. “The company recapped the acceleration of Bitcoin NFT-related activity since Casey Rodarmor…
BlockDAG is taking the cryptocurrency world by storm with a groundbreaking $12.4 million in presales and promises an incredible 20,000x ROI. While Dogecoin predicts a $1.5 surge and Floki gains a foothold in mainstream adoption, BlockDAG emerges as the true disruptor. With smart technology, BlockDAG (BDAG) As described in a newly released technical white paper, it is characterized by being innovative and challenging traditional blockchain structures. As passionate people come together to explore its potential, BlockDAG is redefining the future of cryptocurrency, giving us a glimpse into the future of decentralized finance. Amidst the noise of transient trends, BlockDAG emerges…
Cryptocurrency marketplace maker GSR’s Singapore subsidiary obtained a Principal Payment Institution (MPI) license from the Monetary Authority of Singapore on April 1, the company told The Block on Thursday.The Singapore entity, GSR Markets, said it was the first company to obtain a full MPI license from Singapore authorities. press release. today, 19 companies Participating in cryptocurrency services or digital payment token services Those holding MPI licenses in Singapore include Paxos, Blockchain.com, Circle, and Coinbase.“We are proud to have received the MPI license from MAS, a regulator that promotes sustainable, non-inflationary economic growth and healthy, progressive financial centres,” GSR Group CEO…