Bitcoin price jumped from the $40,500 support zone. BTC is up more than 5%, but bears are still defending the $43,500 resistance zone. Bitcoin started a strong rise from the $40,500 support zone. The price is trading above $42,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above a major bearish trendline with resistance near $41,850. Failure to break the $43,500 resistance zone could lead the pair to fall again. Bitcoin price revisits $43,500 Bitcoin price extended its decline below the $41,200 support level. However, BTC maintained…
Author: Crypto Flexs
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Posted 1 minute ago In ~ Assets under management at Mike Novogratz’s Galaxy Digital have tripled from $1.7 billion a year ago to $5.3 billion now, said Steve Kurtz, head of global asset management, in the Financial Times. It was reported on Monday, citing an interview with Kurz.The increase follows the selection of Galaxy by FTX’s bankruptcy estate manager last August to manage certain holdings of the failed cryptocurrency exchange. Now the company is interested in acquiring the assets of other bankrupt companies. “We have a cryptocurrency venture team that has been investing on our balance sheet for five years,”…
The CEO of asset management firm Vaneck expects the U.S. Securities and Exchange Commission (SEC) to approve applications for multiple spot Bitcoin exchange-traded funds (ETFs) within a day. “We expect the whole thing to be done in one day because that’s what happened with Ethereum futures as well,” he explained.advertising Vaneck’s Spot Bitcoin ETF Approved by CEO Jan van Eck, CEO of asset management firm Vaneck, shared his Bitcoin outlook and expectations for a Bitcoin spot exchange-traded fund (ETF) in an interview with CNBC on Friday. Vaneck is one of the asset managers who has applied to the U.S.…
Are you jumping into the world of cryptocurrency app development? Before we set sail into the sea of budgets, let’s take a look at the key factors that will dictate the cost of your cryptocurrency wallet app in 2024.Platform Dilemma: iOS, Android, or a Crossroads of Both?Choose your platform – Are you sticking to one or exploring both the iOS and Android realms? It’s the first junction in the journey and a pivotal element in the app cost equation.What are you? cryptocurrency wallet mission? A straight forward dealmaker wouldn’t demand a king’s ransom. But is it a feature-rich wonder with…
The Ledger library is corrupted. Solana’s phones can pay for themselves, and influential technology leaders are backing the new venture. This week we bring you these stories and more in cryptocurrency. Ledger wallet is corrupted Leading hardware wallet provider Ledger’s connector library has been compromised by malware. The library is used by various decentralized apps such as SushiSwap and Revoke.cash. A wallet drainer was added, but stealing assets required user action and Ledger fixed the problem immediately. If the screen display differs from the Ledger device, users are cautioned to stop trading immediately. Solana mobile phone sales surge The airdrop…
The UK has introduced regulations allowing the Financial Conduct Authority and the Bank of England to oversee a digital securities sandbox for testing tokenized securities and distributed ledger technologies. From January 8, the scheme will allow the Financial Conduct Authority (FCA) and the Bank of England to oversee a controlled testing environment for tokenized securities. The sandbox concept allows companies to experiment with innovative financial solutions under regulatory supervision. The focus of the Digital Securities Sandbox (DSS) goes beyond tokenized securities and encompasses the exploration of distributed ledger technologies to digitize traditional securities. As global financial institutions increasingly embrace asset…
Twitter, long criticized as a platform filled with disinformation and illegal content, now faces formal investigation by a European Union government for the first time over its handling of posts related to the war between Israel and Hamas.The move comes after Twitter responded to the EU’s new Digital Services Act (DSA) with a content moderation report prepared in September, a transparency report in November, and a “formal request for information on illegal content related to Hamas’ attacks on Israel.” This comes after providing . ,” According to Reuters, Twitter is the only major platform targeted under the law so far.Companies…
Advances in technology and changing consumer preferences have led to an unprecedented surge in the popularity of online media and gaming entertainment. The digital age has made it easier for people to access their favorite movies, TV shows, and games through streaming and online platforms. But beneath the fascinating surface of these virtual realms lies a complex network of commerce and innovation powered by payment solutions. Secure payment solutions have emerged as a game changer, completely transforming the way we interact with online media and gaming platforms. These solutions not only ensure smooth and secure financial transactions, but also improve…
Posted 1 minute ago In ~ A federal judge has approved a settlement between cryptocurrency exchange Binance and the Commodity Futures Trading Commission. It comes a month after the former CEO of a cryptocurrency exchange pleaded guilty to charges related to anti-money laundering violations.Under the agreement, former CEO Changpeng Zhao must pay $150 million, one-third of which must be paid within the next 30 days, Judge Manish Shah of the U.S. Northern District Court said. This was done according to an order signed on December 14. Illinois. According to the order, Binance must pay a fine of $1.35 billion to…
IPOR protocol (Inter Protocol Over-block Rate) consists of two parts: the IPOR index and the automated market maker. The index acts as an interest rate benchmark, aggregating lending and borrowing rates across multiple DeFi lending platforms to provide an objective view of current market conditions. The logic is off-chain. To access the index, users must call the IPOR Oracle contract. The second part is the IPOR automated market maker. Unlike standard AMMs, IPOR AMMs allow users to open and close swaps and speculate on interest rates. A swap can be opened in two directions: Paying a fixed interest rate and…