BlackRock includes ABN AMRO, Citadel Securities, Citigroup, Goldman Sachs, and UBS as new approved participants in its Bitcoin ETF. BlackRock, the world’s largest asset manager, has taken a significant step forward in the cryptocurrency space by enlisting five of Wall Street’s biggest names to help run a Bitcoin exchange-traded fund (ETF). Companies including ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman Sachs, and UBS Securities have been added as new approved participants in the Bitcoin ETF Prospectus. Authorized Participants (APs) are essential cogs in the ETF machine and are responsible for creating and redeeming ETF shares. These institutions can…
Author: Crypto Flexs
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Memecoins’ liquidity seen bypassing Bitcoin during unprecedented bull marketCryptocurrency industry analysts are labeling the current Bitcoin halving cycle as the “weirdest” bull market to date, with significant changes in market dynamics. Unlike traditional cycles, where liquidity flows from Bitcoin to Ethereum and then to other high-value coins before reaching smaller assets, this cycle saw a direct jump from Bitcoin to Memecoins.The rise of meme coinsOn April 1, the total capitalization of memecoins soared to an astonishing $70 billion, with significant gains from both new and existing memecoins. Tokens such as Solana’s ‘dogwifhat’ (WIF) and Book of Meme (BOME), as well…
Cardano price has been facing significant bearish pressure, falling more than 12% over the past week. The recent fall has coincided with a general downturn in the cryptocurrency market, with other major altcoins suffering heavy losses over the past week. In particular, Cardano’s price decline is largely related to the recent sale of all of its ADA holdings by the Grayscale Digital Large Cap Fund (GDLC). On Thursday, April 4, the fund disclosed its decision to rebalance its portfolio by liquidating Cardano assets (about 1.6% of its total holdings). This negative start to April after a disappointing performance in March…
Mining like Bitcoin has emerged. Solana brush +3.22% A project called Ore is implementing blockchain, and its success is increasing the pressure on the network. Ore takes the core idea of mining, where miners release their own tokens on the Solana blockchain by solving cryptographic puzzles to secure the network while earning cryptocurrency. Miners can take home 1 ORE per minute, depending on the number of puzzles each person solves. The supply of ORE is set to reach 21 million tokens after 42 years, but there is no maximum supply limit.To date, over 4,100 ORE have been mined, of which…
In a recent announcement, the Consumer Financial Protection Bureau warned of new risks associated with cryptocurrency-focused games. The “Banking in Video Games and Virtual Worlds” report highlights the agency’s concerns about fraud and weakening consumer protections in video games and virtual worlds. As the intersection of virtual gaming and cryptocurrency increases, an investigation by the Consumer Financial Protection Bureau (CFPB) highlights the potential risks players may face in these digital realms. The CFPB’s findings show that despite the lower popularity of the cryptocurrency metaverse compared to giants like Roblox, Second Life, or Fortnite, these platforms allow users to easily convert…
Solana-based cat robot shooter Nyan Heroes announced Friday that more than 100,000 players have downloaded and played the game since its pre-alpha demo was released on the Epic Games Store on March 25.“The Nyan Heroes pre-alpha demo has been in full swing for 10 days, and we’re completely confident in all the responses we’ve received,” developer 9 Lives Interactive said in a Medium post.With less than a week left until the pre-alpha demo ends on April 9, Nyan Heroes announced plans to offer leaderboards on Friday. compensation For top players in the demo, including a Nyan Heroes Genesis Guardian NFT…
Ankr adds Ethereum security to the new Web3 protocol, which is considered the most important feature of Ankr. It combines secure node operations, innovative liquidity staking technology, and efficient scaling services. You can launch new address verification services with Ankr’s infrastructure for critical functions. Ankr collaborates with WitnessChain on DePIN, shared security, and scalability. WitnessChain, also known as EigenLayer AVS for DePIN Coordination, is the first physical state consensus mechanism designed to unify distributed physical infrastructure networks. WitnessChain offers endless opportunities to enable a sharing economy of physical assets. It enables the exchange of resources such as computing energy, storage,…
Bitcoin began 2024 with an explosive rise of more than 73% in the first quarter of the year, hitting a new all-time high of $73,750. Although BTC soon fell from this value due to turbulent price movements last month, the largest stakeholders have shown a consistent accumulation trend in the first three months of 2024, indicating high confidence in the asset’s profitability ahead of the upcoming halving event. Bitcoin Whale Acquires $21.6 Billion BTC, Increases Market Dominance by 1.4% as Halving Nears In an Santiment reported that these whales, representing holders of 100-100,000 BTC, have purchased a total of 319,310…
PayPal has launched a new service that allows users to fund cross-border transfers using PayPalUSD (PYUSD), a US dollar-pegged stablecoin that it unveiled in August last year. PayPal said in a new statement that U.S. users of money transfer provider When a user selects a new funding option, Xoom will convert PYUSD from the connected PayPal cryptocurrency hub to USD without any cryptocurrency selling fees. The recipient then receives the funds in the fiat currency of the sender’s choice. PayPal said Xoom does not charge transaction fees for stablecoin fund transfers, but exchange rates and conversion spreads apply to transfers…
introductionAs the third era nears its conclusion, the countdown to the next Bitcoin halving is firmly underway. Halving (also known as “halving”) is one of the most important and innovative features of Bitcoin. The Bitcoin network mints new Bitcoin every 10 minutes, and the amount issued (the “block subsidy”) is halved approximately every four years (every 210,000 blocks, to be exact). Block subsidies are rewards miners receive for validating and recording new transactions on the blockchain.Halving the block subsidy is a critical factor in Bitcoin’s final supply cap of 21 million Bitcoin. Additionally, miners collect transaction fees that users attach…