reporter Posted on: December 20, 2023 More than 49 million Blur tokens were recently unlocked. It responded by adding more than 7% in value. The unlocking of Blur tokens has continued and the latest unlock sees more tokens moving to exchanges. How have the tokens performed in response to these recent developments and which direction has shown greater dominance in exchange flows over the past few days? More Blur tokens will be unlocked. According to information from Etherscan, about 49.8 million Blur tokens worth about $23.2 million were recently unlocked. These unlocked tokens were initially transferred from a multi-signature address…
Author: Crypto Flexs
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Posted 1 minute ago In ~ Debtors affiliated with cryptocurrency exchange FTX, which filed for bankruptcy protection in the United States in November last year, announced on Tuesday that they had reached a global agreement with Bahamian subsidiary FTX Digital Markets, which was undergoing separate liquidation procedures. “This agreement is a new and mutually beneficial solution to the complex cross-border legal issues raised by the FTX Group collapse situation,” the debtors said in a statement. This must be approved by the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of the Bahamas. FTX Obligors and FTX…
BNB price gained momentum and broke above the $250 resistance line. It is showing positive signs and may bounce towards the $272 resistance zone. BNB price is rising above the $250 resistance. The price is currently trading above $250 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair (Binance data source), a breakout occurred above the main bearish trendline with resistance near $252. If there is a clear move above $258, the pair could continue to rise. BNB price gains traction again Over the past few days, BNB price has formed a base above…
The Epic Games Store has made the following changes: Content PolicyNFT card game Gods Unchained has been allowed to return to the platform, Fortnite publisher Epic Games announced Tuesday.Gods Unchained comes with other blockchain games: Striker Manager 3Before Removed from Epic Games Store That’s because it received an “Adults Only” rating from the Entertainment Software Rating Board (ESRB). Before Tuesday’s policy change, AO-rated games were not allowed on the Epic store.“Some blockchain-based games are receiving Adults Only (AO) ratings from industry rating agencies for their specific blockchain implementations,” an Epic Games representative said. decryption Via email. “We have updated our…
Bitcoin price attempted a new upward breakout above the $43,500 resistance level. BTC failed and corrected lower to test the $41,800 support area. Bitcoin is correcting gains at the $43,500 resistance zone. The price is trading above $42,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a bearish trend line tying with resistance near $42,600. A break below the $41,650 support could continue the decline for the currency pair. Bitcoin price falls again Bitcoin price rose above the $42,000 resistance zone. BTC rose to the $43,000 level but faced a…
Blockchain oracle provider Chainlink has a number of upgrades on the horizon, as revealed in a recent announcement. Moreover, its native token LINK has cooled off from its 2023 high price, but can the momentum pick up again? On December 19, Chainlink released its fourth quarter product update, which included a 2023 progress report and what to expect for the network going forward. Chainlink expands with TradFi The cryptocurrency oracle provider launched the Cross Chain Interoperability Protocol (CCIP) in July to enable seamless cross-chain transactions. This was one of the major launches of the year and we continue to expand…
Major companies in the market such as BlackRock and ARK Invest have amended their S-1 registration statements to comply with the requirements imposed by the U.S. Securities and Exchange Commission. Regarding the planned spot Bitcoin exchange-traded fund (ETF), this update includes a significant move towards a cash redemption approach. This strategic decision, symbolized by the submission of the amendment on December 18, 2023, symbolizes the acceptance of a cash generation and repurchase model beyond the spot repurchase pursued in the past. Redemption in kind typically involves a transaction that does not require a monetary exchange, such as using Bitcoin (BTC)…
Bitcoin Maxis is giving itself a pat on the back following the launch of its Taproot Assets protocol for Bitcoin and Lightning. And they are quite right to do so. The Lightning Labs mainnet alpha launch last month was big news. So far, Ethereum and Tron have dominated smart contracts. Now, with this latest protocol, Bitcoin is ready to challenge its dominance and breathe new life into the network. This new feature marks an important moment in Bitcoin’s evolution by giving developers the tools they need to make Bitcoin a multi-asset network, allowing users to hold real-world assets, such as…
According to the latest K33 Research report, approval for a spot Bitcoin ETF appears to have been “confirmed” in January, with an application update indicating that submitters have agreed to set up cash generation ahead of the January 10 deadline.Yesterday, BlackRock filed a revised S-1 filing with the Securities and Exchange Commission that includes a new cash redemption model that other analysts believe the SEC favors. However, there is room for an ‘in-kind’ process, subject to regulatory approval.BlackRock will likely want an in-kind redemption model that gives asset managers greater flexibility in managing their portfolios. However, the SEC reportedly favors…
The approval of spot Bitcoin ETFs will lead to a massive expansion of the Bitcoin lending market. This is because both traditional financial and cryptocurrency market makers can arbitrage not only the spot BTC price, but also the price differences between various investment vehicles. Until recently, some of the larger TradFi market makers did not participate in cryptocurrencies or Bitcoin because arbitrage opportunities forced them to participate in unregulated venues. With spot Bitcoin ETFs available from places like Nasdaq, Bitcoin derivatives on the Chicago Mercantile Exchange, and spot Bitcoin on regulated exchanges like Coinbase and Kraken, institutions now have all…